Month: February 2023

Alberta Is Fighting To Send Its Oil Abroad

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oil

Despite efforts from Canada’s Prime Minister Justin Trudeau to move away from oil sands – long hailed as the – Alberta, the country’s largest oil-producing region, is pushing to open new energy corridors with the U.S. to export its fossil fuels. As the global demand for oil and gas continues, and countries look closer to home to secure their energy needs, Alberta believes it can promote its oil sands as a means of providing the energy needed until enough green alternatives are being produced to meet the rising global energy demand.…

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Absolutely Not We are not Consulted for Mini Budget President FPCCI

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fpcci

Irfan Iqbal Sheikh, President FPCCI, has criticized the government for the total lack of consultation in the mini budget with the business, industry and trade community – the real stakeholders of the economy & taxation system; and, the real engines of economic growth, employment creation and revenue generation. Had we been consulted, we could have helped the government with a more practical &inoffensive approach to meet the prior actions’ requirements of the IMF, he added. Mr. Irfan Iqbal Sheikh also expressed the collective anxieties & concerns of the business community…

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Mini Budget 2023

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mini-budget

Pakistan is set to announce a mini budget to generate about Rs200 billion additional revenue to meet IMF Conditionalities. The mini budget will be placed before and approved by parliament ahead of IMF final talks on 16.02.2023.The government is taking harsh taxation measures on the demand of the IMF to general more revenue for lower the fiscal deficit.Sources in FBR on 14.02.2023, said that the changes many be applicable from 15.02.2023, after cabinet approval. They said that through the new amendments the government had aimed to generate another Rs.200 billion.The…

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Petrol, diesel prices may surge by over Rs32/litre

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ISLAMABAD: Prices of petroleum, oil and lubricants could surge by over Rs32/liter from tomorrow (February 16) mainly on account of the US dollar exchange rate that now stands at Rs271.82. Though free on board Platt prices have fallen considerably as compared to last fortnight’s pricing. Petroleum, oil and lubricants prices were closed at US dollar/Rs236.40 which stands at at 271.82 for the next fortnight. According to the official and industrial sources, Mogas price would likely go up 12.8 percent/litre or by Rs32.07 to stand at Rs281.87 from Rs281.87/litre. Similarly, the…

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