Author Archives: Khaleeq Kiani
30th April, 2013
Prices of petrol and diesel to be reduced from May 1
The caretaker government is likely to approve recommendations of the Oil and Gas Regulatory Authority (Ogra) to reduce prices of petroleum products with effect from May 1.
The caretaker government is likely to approve recommendations of the Oil and Gas Regulatory Authority (Ogra) to reduce prices of petroleum products with effect from May 1.
29th April, 2013
Caretakers accept IMF terms in principle
IMF wants Pakistan to introduce major restructuring of public sector enterprises and banking sector safeguards to protect consumers and depositors in case of a financial crisis.
IMF wants Pakistan to introduce major restructuring of public sector enterprises and banking sector safeguards to protect consumers and depositors in case of a financial crisis.
27th April, 2013
Rs45bn to be injected into power sector
Dr Shahid Amjad Chaudhry said that the decision for bringing into use more generation capacity was taken by Mir Hazar Khan Khoso.
Dr Shahid Amjad Chaudhry said that the decision for bringing into use more generation capacity was taken by Mir Hazar Khan Khoso.
26th April, 2013
Rs400bn fiscal adjustment likely in next budget
The next fiscal year should see an upfront budgetary adjustment of Rs400bn while the year 2014-2015 over Rs300bn.
The next fiscal year should see an upfront budgetary adjustment of Rs400bn while the year 2014-2015 over Rs300bn.
25th April, 2013
Power crisis may aggravate in coming three months
The govt offered 10 IPPs to put on hold their financial claims for two months and run their plants to full capacity against direct fuel supplies to them on credit.
The govt offered 10 IPPs to put on hold their financial claims for two months and run their plants to full capacity against direct fuel supplies to them on credit.
24th April, 2013
IMF offered $5bn facility, but no deal signed: adviser
IMF offered about $5 billion EFF at higher interest rate, short disbursement and longer repayment period to help Pakistan repay its debt and to support its balance of payments position.
IMF offered about $5 billion EFF at higher interest rate, short disbursement and longer repayment period to help Pakistan repay its debt and to support its balance of payments position.
23rd April, 2013
Regulator for courier business in the offing
With mushroom growth and booming business of courier companies, the government is considering setting up of Pakistan Private Courier Services Regulatory Authority.
With mushroom growth and booming business of courier companies, the government is considering setting up of Pakistan Private Courier Services Regulatory Authority.
22nd April, 2013
Govt wants to divert water project funds
one of the most important projects — Diamer Bhasha dam — was facing cost overruns and financing gaps even before construction could be taken in hand.
one of the most important projects — Diamer Bhasha dam — was facing cost overruns and financing gaps even before construction could be taken in hand.
20th April, 2013
Call for stopping gas supply to CNG sector
The Ministry of Petroleum and Natural Resources is considering a request by the industrial sector, particularly the fertiliser industry, to stop gas supply to transport sector.
The Ministry of Petroleum and Natural Resources is considering a request by the industrial sector, particularly the fertiliser industry, to stop gas supply to transport sector.
19th April, 2013
Terrorist attacks: FC to be deployed for power system security
Govt decided to deploy FC at major power sector facilities across the country under a phased programme to protect electricity transmission and dispatch systems.
Govt decided to deploy FC at major power sector facilities across the country under a phased programme to protect electricity transmission and dispatch systems.
18th April, 2013
Rs627bn for defence in new budget proposals
The govt finalised a Rs450 billion PSDP for federal projects and Rs627bn defence budget for next financial year.
The govt finalised a Rs450 billion PSDP for federal projects and Rs627bn defence budget for next financial year.
17th April, 2013
Rs10bn to be injected into power sector
The NAB was reported to have found that about 80 per cent of the outstanding electricity bills were fictitious.
The NAB was reported to have found that about 80 per cent of the outstanding electricity bills were fictitious.
16th April, 2013
Khoso appoints finance adviser, forms team for IMF talks
“Prime Minister retired Justice Mir Hazar Khan Khoso has appointed Dr Shahid Amjad Chaudhry as adviser finance, in-charge of ministry of finance,” said a notification issued by Prime Minister Secretariat.
“Prime Minister retired Justice Mir Hazar Khan Khoso has appointed Dr Shahid Amjad Chaudhry as adviser finance, in-charge of ministry of finance,” said a notification issued by Prime Minister Secretariat.
15th April, 2013
Team to visit Washington for talks with IMF, US officials
The talks will be held on the sidelines of annual spring meetings of the World Bank and IMF. The three-day meetings will begin on April 19.
The talks will be held on the sidelines of annual spring meetings of the World Bank and IMF. The three-day meetings will begin on April 19.
14th April, 2013
The energy imbroglio
If election promises are to be believed, PML-N has a serious workable action plan to resolve the energy crisis.
If election promises are to be believed, PML-N has a serious workable action plan to resolve the energy crisis.
12th April, 2013
Subsidy on agricultural tubewells halted
ISLAMABAD, April 11: Overstretched power sector subsidies and overall fiscal constraints have forced the caretaker government to put on hold the implementation of a decision of the previous government which called for release of Rs16.4 billion to be used
ISLAMABAD, April 11: Overstretched power sector subsidies and overall fiscal constraints have forced the caretaker government to put on hold the implementation of a decision of the previous government which called for release of Rs16.4 billion to be used
11th April, 2013
Senate panel asks govt to name Irsa members
The Senate Standing Committee on Water and Power has directed the government to notify appointment of two members of the Indus River System Authority (Irsa) within a week.
The Senate Standing Committee on Water and Power has directed the government to notify appointment of two members of the Indus River System Authority (Irsa) within a week.
8th April, 2013
Worsening energy crisis
The electricity shortfall is expected to be worse than ever this coming summer owing to fuel problems arising from liquidity crunch and water shortage.
The electricity shortfall is expected to be worse than ever this coming summer owing to fuel problems arising from liquidity crunch and water shortage.
6th April, 2013
Mechanism for reducing debt of PSO shortly: minister
caretaker Petroleum Minister Sohail Wajahat Siddique said on Friday that fuels (furnace oil and gas) would be provided to various sectors and consumers purely on the basis of their efficiency.
caretaker Petroleum Minister Sohail Wajahat Siddique said on Friday that fuels (furnace oil and gas) would be provided to various sectors and consumers purely on the basis of their efficiency.
5th April, 2013
Power firms told not to hold board meetings
Caretaker minister for water and power Dr Musadik Malik barred the board of directors from holding their board meetings.
Caretaker minister for water and power Dr Musadik Malik barred the board of directors from holding their board meetings.
