[ad_1] design: Ibrahim Yahya ISLAMABAD: Islamabad has engaged Tehran by committing to complete the first phase of the 80-kilometer Iran-Pakistan (IP) gas pipeline project within Pakistan’s territory to avoid a looming $18 billion penalty. According to reports, Iran has granted an extension in the deadline of the IP gas pipeline …
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Work on IP pipeline to begin in Pakistan | The Express Tribune
[ad_1] design: Ibrahim Yahya ISLAMABAD: Islamabad has engaged Tehran by committing to complete the first phase of the 80-kilometer Iran-Pakistan (IP) gas pipeline project within Pakistan’s territory to avoid a looming $18 billion penalty. According to reports, Iran has granted an extension in the deadline of the IP gas pipeline …
Read More »Market watch : Stocks slump over changing political scenario | The Express Tribune
[ad_1] KARACHI: Pakistan Stock Exchange (PSX) on Thursday slid nearly 2% to around 61,000 points as the race among different political parties intensified for forming a new government, sparking worries among investors who refrained from building new positions. In the morning, the trading session commenced on a dull note as …
Read More »Traders urge govt to withdraw gas price hike | The Express Tribune
[ad_1] KARACHI: Hyderabad Chamber of Small Traders and Small Industry (HCSTSI) President Muhammad Farooq Shaikhani has hit out at the Economic Coordination Committee (ECC) for its decision to make a massive increase of 65% in gas tariffs. He appealed to all political leaders and the country’s rulers to withdraw the …
Read More »Govt considers allowing urea price hike | The Express Tribune
[ad_1] The Finance Division reiterated its stance that no additional subsidy would be provided on the supply of urea once the proposed mechanism of basket price is enforced. photo: file ISLAMABAD: The government is considering permitting fertiliser manufacturers to increase urea prices by up to Rs358 per bag, shifting the …
Read More »ECC approves GB wheat subsidy, trims ministries’ budgets – SUCH TV
[ad_1] Amid continuous unrest in Gilgit-Baltistan for almost a month over a wheat price hike, the Economic Coordination Committee (ECC) of the Cabinet on Thursday agreed to continue providing subsidy to the people of the region by slashing budgets of some major ministries in view of strict IMF conditions on …
Read More »Farmers denied urea subsidy benefit | The Express Tribune
[ad_1] ISLAMABAD: The cabinet has aired serious concerns over alleged fleecing of farmers by fertiliser manufacturers despite getting heavy subsidy on gas supply. According to sources, the cabinet in a recent meeting noted that a high subsidy was being given to fertiliser companies, but its impact was not being passed …
Read More »ECC okays up to 5% increase in urea prices | The Express Tribune
[ad_1] ISLAMABAD: The government on Tuesday approved an increase of up to Rs171, or 5%, in urea prices to recover the cost of imported fertiliser after both the centre and provinces refused to bear the cost of subsidy. The arrangement was approved by the Economic Coordination Committee (ECC) of the …
Read More »Ministries violate cabinet directive | The Express Tribune
[ad_1] ISLAMABAD: The interim government has violated a decision of the federal cabinet, failing to recover approximately Rs95 billion from publicly-owned power sector companies. Instead, it released Rs131 billion without first deducting its receivables. This failure by two ministries to implement the cabinet’s decision has resulted in a higher level …
Read More »Govt to phase out export financing | The Express Tribune
[ad_1] ISLAMABAD: After giving it for 50 years, the government on Wednesday pulled the plug on a hidden export subsidy scheme and approved its transfer to the federal budget but rejected a proposal to increase the wheat support price to Rs4,000 per 40 kg. The Economic Coordination Committee (ECC) of …
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