Tag: shortfall
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Govt expected to hike gas prices by 50%, electricity by Rs4 per unit for IMF deal
“Pakistan is set to notify a significant increase in gas sale prices and electricity base tariffs for the fiscal year 2023-24 as part of an IMF deal. This move aims to pave the way for financial support and economic stability. Read on to learn more about the proposed energy price hikes and their implications for…
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FBR faces Rs75 billion shortfall in annual tax collection target
The Federal Board of Revenue (FBR) is currently confronted with a shortfall of Rs75 billion in attaining the revised annual tax collection target of Rs7,200 billion for the fiscal year.
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Pakistan fails to meet Hajj quota due to rising inflation and dollar shortage
On Wednesday, sources within the Ministry of Religious Affairs reported that the government has decided to return Pakistan’s quota of Hajj pilgrimage to Saudi Arabia due to a shortfall of applications caused by rising inflation. This year marked the first time a quota for Hajj pilgrimage was available in the country, but the shortage of…
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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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Energy crisis worsens, electricity gap surpasses 7,000 megawatts
The demand for electricity in Pakistan has risen to 28,200 megawatts due to the hot weather, while the supply is only 21,200 megawatts, resulting in a power shortfall of nearly 7,000 megawatts. According to well-placed sources, the country currently gets 4,635 megawatts of energy from hydropower, 1,060 megawatts from government thermal power plants, and 9,677…