The government has decided to phase out the Rs140 billion cross-subsidy currently provided to gas consumers as part of its economic reform commitments linked to the International Monetary Fund programme. According to officials from Pakistan’s Petroleum Division, the government has assured the International Monetary Fund that the subsidy mechanism will be fully eliminated by January […]
energy pricing
Pakistan textile council and commerce ministry forge path for export-led industrial growth
A delegation from the Pakistan Textile Council (PTC), including Chairman Fawad Anwar and CEO Muhammad H. Shafqaat, met with Commerce Minister Jam Kamal Khan to discuss key challenges facing the textile and apparel sector. They focused on tariff and tax rationalization, energy pricing, and green investments needed to improve competitiveness and sustainability. The PTC leaders […]