reduce

The International Monetary Fund rejects Pakistan’s proposal to reduce sales tax on electricity bills – Trendy Blogger

by
The International Monetary Fund rejects Pakistan’s proposal to reduce sales tax on electricity bills – Trendy Blogger

The International Monetary Fund has rejected a formal request from Pakistan’s Ministry of Energy to reduce sales tax on electricity bills, citing liabilities under the existing loan programme, Express News reported. The decision deals a blow to the government’s efforts to ease financial pressures on consumers. The Ministry of Energy had requested IMF approval to … Read more

The Ministry of Power is seeking urgent release of support worth Rs 400 billion to reduce circular debt – Trendy Blogger

by
The Ministry of Power is seeking urgent release of support worth Rs 400 billion to reduce circular debt – Trendy Blogger

The Ministry of Energy issued an urgent appeal to release 400 billion rupees in support by the end of December to prevent a slide in circular debt management, a key goal agreed with the International Monetary Fund. News I mentioned. So far, the Finance Ministry has released only 82 billion rupees out of 1,229 billion … Read more

The Cabinet approves settlement agreements with eight independent energy projects that rely on sugarcane to reduce electricity costs – Trendy Blogger

by
The Cabinet approves settlement agreements with eight independent energy projects that rely on sugarcane to reduce electricity costs – Trendy Blogger

Islamabad: The Federal Cabinet, led by Prime Minister Shehbaz Sharif, on Tuesday approved settlement agreements with eight sugarcane-based independent power producers (IPPs). This decision, which was taken based on the recommendations of the Ministry of Energy and the Department of Energy, is expected to lead to a significant reduction in electricity tariffs. The approved IPPs … Read more

The government is asking fertilizer companies to reduce DAP by Rs 3,000 – Trendy Blogger

by
The government is asking fertilizer companies to reduce DAP by Rs 3,000 – Trendy Blogger

Islamabad: The government has urged fertilizer manufacturers to reduce the price of diammonium phosphate (DAP) by Rs 3,000 per bag to ease financial pressure on farmers facing rising inflation and escalating input costs. The request was made during a meeting of the Fertilizer Review Committee chaired by Federal Minister for Industry, Production and National Food … Read more

The International Monetary Fund urges Pakistan to reduce state intervention in the economy and promote competition – Trendy Blogger

by
The International Monetary Fund urges Pakistan to reduce state intervention in the economy and promote competition – Trendy Blogger

The International Monetary Fund has urged Pakistan to take steps to reduce state intervention in the economy and enhance competition, which will help promote dynamic private sector development. The IMF mission led by Mr. Nathan Porter concluded its staff visit to Pakistan from 12 to 15 November 2024. During the visit, the IMF team met … Read more

The International Monetary Fund tells Pakistan: Reduce expenditures or unveil a mini-budget – Trendy Blogger

by
The International Monetary Fund tells Pakistan: Reduce expenditures or unveil a mini-budget – Trendy Blogger

A representative image shows the seal of the International Monetary Fund in Washington, D.C. on January 26, 2022. — AFP The IMF mission will visit Islamabad from November 11 to 15. The Minister of Finance and the Chairman of the Federal Reserve begin the first session with the International Monetary Fund. A mini-budget reveal is … Read more

Nepra agrees to reduce power tariff under FCA – Trendy Blogger

by
Nepra agrees to reduce power tariff under FCA – Trendy Blogger

A power transmission tower in Karachi, January 24, 2023. — Reuters ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has approved a reduction of 86 paise per unit in power tariff under the monthly fuel cost adjustment (FCA) mechanism for August. According to a notification issued on Thursday, the Central Power Procurement Agency (CPPA) has … Read more