Tag: gas tariffs
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Petroleum minister confirms gas prices will remain unchanged, highlights falling inflation
In a recent press conference, Minister for Petroleum Musadik Malik announced that the federal government has decided to keep gas tariffs unchanged. He confirmed that consumers will not experience any increase in gas prices. Malik highlighted that the government’s economic policies are beginning to yield positive results. He reported a substantial reduction in food inflation,…
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IMF urges gas sector reforms to curb circular debt
The International Monetary Fund (IMF) emphasized the significance of prompt gas tariff determinations and notifications, crucial in curbing the escalating gas circular debt, while safeguarding vulnerable households.
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Pakistan’s inflation soars to 29.2% in November, exceeding October figures
In November, Pakistan’s headline inflation surged to 29.2 per cent year-on-year, as reported by the Pakistan Bureau of Statistics, surpassing the October figure of 26.9 per cent. On a monthly basis, there was a 2.7 per cent increase. The average inflation for July-November reached 28.62 per cent, up from 25.14 per cent in the same…
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State Bank of Pakistan maintains 22% policy rate in line with market consensus
Following the consensus in the broader market, the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) announced on Monday that it would maintain the key policy rate at 22 per cent, as stated in their press release.
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Rs5.1 trillion debt threatens energy sector, govt thinking about privatisation of power companies
The caretaker government is contemplating significant changes in response to mounting circular debt and losses in the power and gas sectors in Pakistan.
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Govt to implement Rs7 per unit power tariff hike, expecting over Rs3.2 trillion in revenue
The government is planning to raise the power base tariff by approximately Rs7 per unit. This move is expected to generate over Rs3.2 trillion in additional revenue from power consumers. The International Monetary Fund (IMF) Executive Board is set to discuss a stand-by arrangement, which is the final step in solidifying the IMF Staff Level…
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Pakistan to receive first-ever shipment of low-cost oil from Russia in May
Minister of State for Petroleum, Musadik Malik, announced on Sunday that Pakistan will receive its first-ever shipment of low-cost oil from Russia next month, which is expected to benefit the general public.
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Pakistan to implement separate gas tariffs for rich and poor
Dr Musadik Masood Malik, the State Minister for Petroleum, has announced that the government of Pakistan will implement a new system of gas tariffs that will differentiate between the rich and the poor. The purpose of this measure is to provide relief to low-income citizens who struggle to pay their gas bills. According to Dr…