Month: February 2023

Russian oil and gas will start reaching this year: govt

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musadiq

Clergyman of State for Petrol Division Dr Musadiq Masood Malik has said under the Pak-Russia arrangement, oil and gas would begin arriving at Pakistan this year, which would assist with giving alleviation to individuals. Government would before long lessen the gas and power duty for the average person and they would be paying decreased gas and power bills when contrasted with the rich man. While conversing with media here at Lahore Press Club, he said that PDM government was remaining with the unfortunate man. The costs of food things and…

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CASA-1000: WB, USAID Withdraw Funding

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power-transmission

The Focal Asia-South Asia-1000 (CASA-1000) is supposedly confronting a deferral of two years as the World Bank and USAID have removed their subsidizing after shift in power Afghanistan, very much educated sources in EAD told Business Recorder. Sharing the subtleties, sources said, a gathering, to examine the advancement of CASA-1000 venture, was held under the chairmanship of Secretary, Monetary Undertakings Division wherein all issues connected with the task went under tattered thought. NTDC/CASA authorities gave a show on the venture, which covered the topographical spread and refreshed progress of the…

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Fiscal year 2022-23: Tax target raised to Rs7.64trn

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Federal Board of Revenue (FBR) Chairman Asim Ahmad Thursday said the government will review the taxation measures of Rs170 billion taken through the Finance (Supplementary) Bill, 2023 in the current budget and the FBR’s annual target has been increased from Rs7,470 billion to Rs7,640 billion for 2022-23. At the conclusion of the Senate Standing Committee on Finance meeting held at the Parliament House on Thursday to review the Finance (Supplementary) Bill, 2023, he informed Business Recorder that the revenue collection target has been increased after additional revenue measures of Rs170…

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Govt To Provide Subsidy On 0.2 Mln Solar Systems In Sindh

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solar-project

Sindh Energy Minister Imtiaz Sheikh on Thursday said that 0.2 million solar power systems will be provided at subsidised rates for the promotion of low-cost renewable energy across the province. It was decided in a meeting with the World Bank delegation led by Country Director for Pakistan Najy Benhassine, said a statement issued here. The minister informed that households residing in rural areas and intending to install solar systems would be provided with a subsidy of $160 per unit per house while for urban areas subsidy would be $110 per…

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