Taxation to the public to pay back the loans consumed by the elite; has been the approach in preparing budgets since the ‘Debt Trap’ was laid in October 1958. Various terms like; ‘Awam Dost’, and ‘Tax-Free’ are used to bluff the public. Budgets are then followed by ‘Mini Budgets’ to further burden the masses and then the stampede to get…
Read More
The Board of Directors at Lucky Cement has authorised the management of the company to undertake a feasibility study for a renewable energy project at its plant in Karachi, including wind and solar power, according to a notice to the Pakistan Stock Exchange (PSX) on Monday. The development occurred during Lucky Cement’s emergent meeting held on June 11, 2022, informed…
Read More
With two major fuel suppliers in dire need of liquidity to the tune of Rs2 trillion in three months, the government has started passing on the increase in electricity tariff by an average Rs13 per unit in quick instalments to win over an urgently needed bailout package from the International Monetary Fund (IMF). Highly placed sources told Dawn that power…
Read More
The Oil and Gas Regulatory Authority (OGRA) on Monday recommended to the Punjab Chief Secretary for taking action against the three illegal oil agencies, its team unearthed in different localities of the province. The authority’s Enforcement (North) team inspected petrol pumps in the southern region of the province to check accurate measurements of oil, quality and price besides ensuring safety standards at different outlets, OGRA spokesman Imran Ghaznavi said in a news release.…
Read More
Finance Minister Miftah Ismail has said abolishing the subsidies on petroleum products till July was imperative to prevent the country from going bankrupt, hinting at another increase in the prices of fuel that whizzed past records earlier this month. Speaking to a private television channel, the finance minister said the International Monetary Fund (IMF) has asked the government to withdraw…
Read More
Director General, Asian Development Bank (ADB), Eugene Zhukov here on Monday apprised the Federal Minister for Finance and Revenue, Miftah Ismail about the Country Partnership Strategy for Pakistan 2021-25, which is aligned with the government’s development vision. He was talking to finance minister during a meeting, which among others were also attended by Country Director ADB, Yong Ye, Secretary Finance,…
Read More
China said this weekend it had recently set two world records in deep-sea energy exploration with its domestically developed technology as the world’s largest crude oil importer looks to boost its energy security by developing resources at home. China National Petroleum Corporation (CNPC) said on Saturday that it had set two world records in “sea land directional drilling crossing” and…
Read More
How much will it cost to wean Indonesia off coal? This is a pressing question for world leaders and climate policy-makers around the world in the lead-up to this year’s COP27 climate summit, set to take place in Sharm el-Sheikh, Egypt this November. Just before the summit, in which the world’s premier politicians, scientists, policymakers, and industry leaders convene to…
Read More
Europe’s campaign to quit Russian fuel is designed to punish Moscow for its invasion of Ukraine. It’s also wreaking havoc thousands of miles away from the conflict, plunging Pakistan into darkness, undermining one regime and threatening the stability of the country’s new leadership. A decade ago, the world’s fifth-most populous country took specific steps to insulate itself from the kinds…
Read More
