Tag: bills
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Employees getting Rs 15 billion of free electricity: Secretary Power Division
The Senate’s Standing Committee on Energy has been briefed by the Secretary of Power Division that 190,000 employees are being given free electricity worth 15 billion rupees annually. He said, “Our electricity demand for industry is about 25 percent, decreasing over time.” The Secretary explained that 25 million employees of 400 units received a 592…
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Power sector’s circular debt surpasses Rs2 trillion despite massive tariff increase
Even though they increased electricity prices a lot, Pakistan’s power sector ended up owing more money. In June 2023, their debt was Rs2.31 trillion, which is higher than the Rs2.25 trillion it was in the year before (FY22). This increase is about Rs57 billion or around 3%, and it’s the opposite of what happened in…
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President Alvi returns 13 bills
President Dr. Arif Alvi has returned over a dozen bills for reconsideration by the parliament, resulting in an indefinite delay in their progression since a new assembly will be formed after the general elections, to be held later this year. The bills were approved by both houses of the parliament towards the end of the…
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Big power consumers to face increased tariff due to IMF conditions
The Economic Coordination Committee (ECC) of the Cabinet approved the removal of subsidies in electricity tariffs for the export-oriented sector and the Kissan package in order to meet one of the International Monetary Fund’s (IMF) preconditions for reaching a staff-level agreement. Federal Minister for Finance and Revenue Senator Ishaq Dar presided over the meeting, where…
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NEPRA okays Rs3.21 per unit hike in power tariff
A quarterly adjustment of Rs3.21 per unit of power for the period of April to June 2022 has been approved by the National Electric Power Regulatory Authority (NEPRA). A further burden of Rs93.95 billion will be placed on energy consumers as a result of the most recent price increase. To be effective as of October…
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New bank timings announced by SBP, Saturday will now be observed as a working day
Pursuant to the federal government’s directive issued on April 13, the State Bank of Pakistan (SBP) would observe a six-day work week with amended timings. During Ramzan, working hours for the central bank, development finance institutions (DFIs), microfinance banks (MFBs), and all commercial banks, are as follows: Monday to Thursday and Saturday from 8:00 am to…
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Sindh revives student unions after three decades
The Sindh Assembly on Friday unanimously passed the Sindh Students Union Bill 2019 to revive student unions. According to the bill, a student union will be formed in every private and government educational institute. Students will be able to vote for or participate in the student union, according to the bill. The bill defines the…
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How govt outnumbered opposition for passage of FATF-related bills during joint session
Opposition absentees outnumbered their counterparts on the treasury benches during the joint sitting of parliament on Wednesday, which passed three bills related to the Financial Action Task Force (FATF), official records revealed Thursday. According to The Express Tribune, the attendance record released by the National Assembly Secretariat showed that more than two dozen opposition lawmakers…