government

PM Models Committee to enhance government efficiency and address bureaucratic redundancy – Trendy Blogger

by
PM Models Committee to enhance government efficiency and address bureaucratic redundancy – Trendy Blogger

Prime Minister Shibaz Sharif set up a 20-member committee under the leadership of Deputy Prime Minister Ishaq Dar to enhance government efficiency and tackle bureaucratic redundancy. The Committee was tasked with proposing frameworks to enable cross-departmental collaboration and evidence-based policy science while addressing national priorities. According to a news report, the committee, which includes federal … Read more

The government raises the prices of the popular bus service – Trendy Blogger

by
The government raises the prices of the popular bus service – Trendy Blogger

Islamabad: The Sindh government has announced an increase in the fares of the People’s Bus service, with an increase of 60% on various routes. The new pricing structure, ranging from 20% to 60%, will come into effect from February 1. Notices have been posted on buses to ensure passengers are informed of the changes. Senior … Read more

The government will approach the International Monetary Fund regarding a plan to shift the electricity tariff reset to January – Trendy Blogger

by
The government will approach the International Monetary Fund regarding a plan to shift the electricity tariff reset to January – Trendy Blogger

The Pakistani government has decided to formally notify the International Monetary Fund of its plan to change annual electricity tariffs from July to January, a move aimed at easing financial pressures on consumers during the peak summer months. The amendment comes as part of broader efforts to address public dissatisfaction over rising electricity costs, which … Read more

Khyber Pakhtunkhwa government warns contractors against delays in hydropower projects – Trendy Blogger

by
Khyber Pakhtunkhwa government warns contractors against delays in hydropower projects – Trendy Blogger

The Khyber Pakhtunkhwa government has expressed dissatisfaction with the slow progress of the 300 MW Balakot Hydropower Project in Mansehra and the 69 MW Lawi Hydropower Project in Chitral. A notice will be issued to contractors for both projects warning them to speed up construction or face further action. In a special meeting chaired by … Read more

The government targets exports worth $100 billion in cooperation with the business sector – Trendy Blogger

by
The government targets exports worth 0 billion in cooperation with the business sector – Trendy Blogger

Federal Minister for Industries and Production Rana Tanveer Hussain urged the business community to target exports worth $100 billion over five years, exceeding the government’s target of $60 billion. He stressed the importance of cooperation between the government and the business sector to achieve economic renaissance and sustainable growth. Addressing the Lahore Chamber of Commerce … Read more

The government is cutting more than 1,200 PTV jobs in a cost-saving move – Trendy Blogger

by
The government is cutting more than 1,200 PTV jobs in a cost-saving move – Trendy Blogger

The government has decided to cut 1,232 jobs, nearly one in every four sanctioned jobs, at the Pakistan Television Authority (PTV) to reduce its financial losses. The announcement was made during a meeting of the Cabinet Committee on State-Owned Enterprises on Friday, which was chaired by Finance Minister Muhammad Aurangzeb. “The committee was informed that … Read more

Power tariff is expected to be cut by Rs 10 per unit as the government approves revised deals with 14 independent power projects. – Trendy Blogger

by
Power tariff is expected to be cut by Rs 10 per unit as the government approves revised deals with 14 independent power projects. – Trendy Blogger

The federal cabinet, headed by Prime Minister Shehbaz Sharif, has approved revised agreements with 14 independent power producers, a move that is expected to bring down electricity prices by Rs 10-11 per unit. The renegotiated contracts are set to save 802 billion rupees by reducing profits and costs of independent power projects, while deducting an … Read more

A foreign company is seeking government assistance to enforce a $7 million arbitration award against a Pakistani energy company – Trendy Blogger

by
A foreign company is seeking government assistance to enforce a million arbitration award against a Pakistani energy company – Trendy Blogger

Frontier Holdings Ltd (FHL), a foreign oil and gas exploration company, has written to the Petroleum Department requesting intervention to implement an international court ruling against Petroleum Exploration (Pvt) Ltd (PEL), a local energy company. According to a news report, the letter, sent to the Petroleum Division’s Director General of Petroleum Concessions, highlights FHL’s victory … Read more

The government raises Rs584.5 billion in auctions of treasury bills, investment loans and sukuk – Trendy Blogger

by
The government raises Rs584.5 billion in auctions of treasury bills, investment loans and sukuk – Trendy Blogger

The government obtained Rs584.5 billion through the auction of treasury bills (T-bills), Pakistan Investment Bonds (PIBs), and Government Islamic Sukuk (GIS). This included Rs434 billion from treasury bills, Rs11.9 billion from general treasury bonds, and Rs138 billion from GIS auction across all periods. The GIS auction, conducted by the Pakistan Stock Exchange (PSX), attracted strong … Read more

The Pakistani Single Window integrates seven major government agencies to simplify business data – Trendy Blogger

by
The Pakistani Single Window integrates seven major government agencies to simplify business data – Trendy Blogger

The Pakistan Single Window (PSW) has integrated seven key government organisations, including provincial revenue authorities and the Drug Regulatory Authority of Pakistan (DRAP), to enhance data sharing during import and export clearance processes. According to Order SRO.2076(I)/2024 of the Federal Board of Revenue (FBR), the integration applies retroactively as of July 1, 2024, to reporting … Read more