Year: 2021

The Punjab government’s liabilities have bulged by Rs 77 billion in the third quarter of the calendar year 2021 mainly due to the depreciation of the Pak rupee, escalating it to Rs1.032 trillion from earlier Rs955 billion. As per a report released by the Punjab Finance Ministry for the period between July 1 and September 30, the debt stock of September 30 has shown an increase by eight percent from the debt stock of June 30. Although domestic loans showed a decline from Rs 5.192 billion to Rs 4.787 billion,…

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Turkmenistan-Afghanistan-Pakistan-India gas pipeline is a regional connectivity project for supplying gas to fulfill the public demand from Turkmenistan to India’s Fazilka (Punjab). It is a great regional initiative proposed by the ADB and taken by four regional countries. The TAPI pipeline seems a bridge between South Asia and Central Asia. We know Central Asia is a huge source of natural gas. Pakistan and India need the gas. The project aims to monetise Turkmenistan’s gas reserves and supply them to neighbouring countries to promote the use of natural gas and improve…

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The federal government will have to raise the petroleum levy (PL) to Rs 30 per litre, the maximum levy allowed under the existing legislation, if it is to minimise the shortfall of Rs 203 billion that it incurred under this head during July-October 2021. Prime Minister Imran Khan while chairing Pakistan Tehreek-e-Insaf core committee meeting on 20 October pledged to not only provide support to the less-privileged under the Ehsaas programme but also to provide subsidised petrol to motorcycle and rickshaws. The Rs-120 billion relief package is targeted to provide…

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