The government has prepared a plan to eliminate Pakistan’s gas sector circular debt over the next six years. The total circular debt in the gas sector currently stands at Rs3,180 billion. Authorities aim to settle Rs1,700 billion immediately. Of this, Rs1,400 billion relates to non-recovery, line losses, and tariff differentials. The remaining Rs300 billion covers […]
pakistaneconomy
Pakistan commits to raising electricity and gas prices
The Pakistani government has assured the International Monetary Fund (IMF) that electricity and gas prices will rise on schedule. Officials said the move is part of a broader plan to address the country’s tax revenue shortfall this fiscal year. Authorities outlined measures to tighten tax laws, reform energy sectors, and reduce circular debt, aiming for […]
IMF urges strict implementation of Pakistan’s national tariff policy
The International Monetary Fund (IMF) has called for the strict implementation of Pakistan’s National Tariff Policy 2025–30, according to its Governance and Corruption Diagnostic Assessment Report. The report stressed that reforms to simplify the tariff structure must continue to strengthen economic governance. Read More: Budget 2025-26 to kick off first phase of National Tariff Policy 2025-30 The […]
Business community urge for repealing PIDC to promote trade activities in province
ISLAMABAD: Business community on Tuesday urged the government for repealing Punjab infrastructure Development Cess (PIDC) in order to accelerate the economic activities in the province and restore the confidence of business community. In a press statement President SAARC Chamber of Commerce and Industry and Chairman United Business Group Iftikhar Ali Malik said that the black […]