The call by the International Monetary Fund to remove distortions in petroleum pricing is a necessary reality for Pakistan’s economy. While the government introduced a Rs152 billion subsidy to protect people from rising fuel prices, the IMF has made it clear that such measures cannot continue for long without harming financial stability. At first, the […]
subsidies
Govt ensures fuel supply, rolls out subsidies amid challenges: Kayani
Minister of State for Finance and Revenue Bilal Azhar Kayani on Sunday said the government had maintained an uninterrupted fuel supply chain across the country since the onset of the regional crisis, while introducing targeted subsidies to shield vulnerable segments from its economic impact. Addressing a news conference along with Federal Minister for Information Technology […]
PM Shehbaz Sharif has directs talks with IMF on petroleum levy
Prime Minister Shehbaz Sharif has directed the Finance Division to engage with the International Monetary Fund (IMF) over the structure of petroleum levy imposed on petrol and diesel, aiming to shield the public from rising global oil prices. Read More: Govt plans Rs 5 fuel levy hike ahead of IMF deal According to official sources, the prime minister issued […]
Pakistan launches relief measures amid fuel prices surge: Shehbaz Sharif
ISLAMABAD — The Pakistan government is taking decisive steps to shield lower- and middle-income citizens from the effects of a rising fuel crisis, Prime Minister Shehbaz Sharif said on Monday. The surge in oil prices has been triggered by global disruptions linked to the ongoing Iran conflict. Read More: PM Shehbaz rejects increase in petrol […]
Balochistan approves Benazir card for farmers
The Balochistan government has approved the launch of the Benazir Kissan Card to provide financial assistance to farmers across the province, marking a new step toward digitised agricultural subsidies and farmer support programmes. Read More: Benazir Hari Card marks new era for farmers, says Memon Officials said the scheme has been formalised through an agreement with HBL […]
Pakistan govt decides against raising base electricity tariff
ISLAMABAD: The Pakistan government has decided not to increase the average basic electricity tariff, providing relief to consumers across the country. Read More: Nepra lowers national power tariff by 62 paise per unit The announcement was made by the Additional Secretary of Power during a review plea hearing at the National Electric Power Regulatory Authority (NEPRA). The […]
Iran warns suppliers amid subsidy reform rollout
TEHRAN: Iran President Masoud Pezeshkian on Thursday warned domestic suppliers against hoarding or overpricing goods as his government implements a major subsidy reform aimed at easing pressure on consumers, state media reported. Read More: Fallacious Iran and Pakistan Nuclear Comparison “People should not feel any shortage in terms of goods’ supply and distribution,” Pezeshkian said, urging ministries […]
Punjab issues guidance for lost or reissued Kisan Cards
LAHORE: Punjab’s Agriculture Department has issued an important notice for farmers regarding Kisan Cards, particularly for those who have lost their card or wish to get it reissued. The department shared instructions and helpline numbers on its official social media accounts. Farmers have been advised to contact the Bank of Punjab helpline in cases of […]
Dr Sania says govt to digitalize Ehsaas payment system till Sept
ISLAMABAD – Special Assistant to Prime Minister on Social Protection and Poverty Alleviation Dr Sania Nishtar on Friday said that currently over seven million needy population of Pakistan are being looked after under the ‘Ehsaas Kafalat Program’ and the ‘Ehsaas payment system’ to be fully digitalized till September 2021. Talking to a TV channel, […]