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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Europe’s Energy Crisis Leaves Almost All Of Pakistan Without Power
Pakistan faced an almost nationwide power outage on Monday. A significant energy shortage is one of the main drivers of the nation’s current economic crisis…………..The long-awaited winter energy crisis has finally hit…but it wasn’t in Europe after all. On Monday, almost the entirety of Pakistan was left without power when a misguided energy saving strategy by the government backfired. Runaway inflation, a severely weakened currency, and rapidly emptying foreign exchange reserves have left Pakistan on the brink of economic collapse. The country of 230 million people is plagued by overdue…
Read MoreFor brain storming I am of the view that if in winter total NTDC load is 9000 MW if aardvark group of 1200 MW tripped due to any fault then expected drop in frequency
.For brain storming I am of the view that if in winter total NTDC load is 9000 MW if aardvark group of 1200 MW tripped due to any fault then expected drop in frequency will be around 6% .let say if Kanuup 2400 MW tripped the drop in frequency in winter will be around 13% and in summer it will be 7%.The 7% drop in frequency can tripped the whole fragile grid system.I was opposing the insatllation of large generating station like kanupp 2 with out proper study of primary…
Read MoreUN SDG 12, “Sustainable Consumption and Production”
UN SDG 12, “Sustainable Consumption and Production”, deals all such issues comprehensively. Interested friends can see my referred above. Sole due to unawareness of the requirements of ACI 350 for all hydraulic concrete, to meet ESHF, we have polluted the whole unground water of Pakistan, an irreparable loss to the nation. Now all development Banks including WDG, ADB, KFW, EU, etc. are going to meet the UN agenda for Sustainable development, in all their funding/grants, provided the project is sustainable.
Read MoreSufficient stocks of Petrol and Diesel are available across the country. Islamabad
OGRA strongly rebut the speculations on Petrol/diesel shortages. The country has sufficient petrol and Diesel stocks for meeting demand for 18 and 37 days respectively. Furthermore, ships carrying 101,000MT petrol is at berth/outer anchorage. The local refineries are playing their due role in meeting demand of petroleum products. Spokesman OGRA Imran Ghaznavi
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