In a recent development, the Private Power Infrastructure Board (PPIB) has written a letter to the Chief Executive Officer (CEO) of CIHC Pak Power Company (Pvt.) Ltd, emphasizing the need for the fulfilment of financial obligations related to the 300 MW Imported Coal Power Project at Gwadar Balochistan.
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Fiscal consolidation should be as growth-friendly as possible. In general, tax base-broadening reforms are identified as growth-oriented reforms. To the extent that they reduce distortions to economic decisions on work, saving, investment and consumption, they should increase output and improve social welfare — Choosing a Broad Base–Low Rate Approach to Taxation, OECD Tax Policy Studies No. 19
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The federal cabinet, through a circulation of summary, has approved exemption for SSGC-LPG (Pvt.) Limited (SLL) to import LPG spot cargoes, aiming to address the country’s severe gas shortages and maintain stable Liquefied Petroleum Gas (LPG) prices.
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Ministry of Economic Affairs has decided to prioritise countries for holding Joint Commissions (JCs), Joint Economic Commissions (JECs) and Joint Ministerial Commissions (JMCs) with respect to investment, well informed sources told Business Recorder.
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The federal government has spent about Rs 50 billion on Pakistan Steel Mills (PSM) since it shut down its operations in mid of 2015 on salaries, supply of gas and other heads without any output, well-informed sources told Business Recorder.
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The Alternative Energy Development Board (AEDB) has proposed to the government to start negotiations with five wind power projects of US International Development Finance Corporation (DFC) in order to reach a mutually acceptable agreement and provide relief/reduction in tariffs
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The Alternative Energy Development Board (AEDB) has proposed to the government to start negotiations with five wind power projects.
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Committed to increasing reliance on indigenous sources of energy production to provide access to affordable energy for all, K-Electric (KE) inked a Memorandum-of-Understanding (MoU) with Government of Sindh (GOS), Oracle Power, and PowerChina for the potential development of 2×660 MW coal-fired power project based on Thar coal.
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Kachhi Canal Extension Project being constructed by WAPDA in District Dera Bugti of Balochistan will be completed in couple of months to irrigate another 30,000 acres of land in the project area. Consequently, the command area of Kachhi Canal Phase-I will extend to 102,000 acres.
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Pakistan and Iran have jointly inaugurated the Polan-Gabd electricity transmission line and the Mand-Pishin Border Sustenance Marketplace at the Mand-Pishin border crossing point.
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