Category: Shortcode

IMF briefed about tariff, circular debt plans

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power-tariff

ISLAMABAD: The caretaker government’s team on Monday formally interacted with the International Monetary Fund (IMF) through a video call to seek the latter’s support for tariff rationalization and circular debt reduction plans, well-informed sources told Business Recorder. Both plans have been developed by two teams dedicated by the caretaker Minister for Power and Petroleum, Muhammad Ali, who intends to get IMF and Federal Cabinet nod, prior to end of the caretakers’ mandate. The sources said the IMF has sought some clarification from the caretaker government’s team, comprising Ministries of Finance and…

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Pakistan Election 2024: Key stats, facts and all details here

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Pak-Election

Pakistan is set to vote this Thursday but the upcoming elections are taking place in the shadows of terrorism, and oppression as the country of around 25 crores is polarised for quite some time. With rising terror attacks and the worst economy in decades, all leading political parties adopted desperate pitches ahead of the general election to lure voters who remain confused, with many hinting at unfair playing fields for participants. Pakistan Elections stats Province-wise Data of Pakistani voters in 2024 Region Total Voters128,585,760 Male Voters 69,263,704 (53.87%) Female Voters 59,322,056 (46.13%)…

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Unveiling the Gaps in Pakistan’s Power Sector Governance

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power-sector

A closer look at the flawed governance system impacting consumers as electricity prices soarIn a recent development, Nepra, the regulatory authority for the power sector in Pakistan, issued a notification announcing an increase in electricity prices to 4.56 rupees per unit. This move sheds light on the inadequacies of our inefficient and corrupt governance system within the power sector.Consumers, who are already burdened with paying approximately 80-100 rupees per unit, including various taxes and charges, are likely to face a surge in their electricity bills. The prevalent corrupt governance system…

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LNG, financial power sectors: Competition studies ordered

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lng-usa

ISLAMABAD: An inter-ministerial committee has directed Competition Commission of Pakistan (CCP) to undertake competition studies on LNG, financial and power sectors aimed at strengthening the public investment management system, well informed sources told Business Recorder. The decision was taken at a follow up meeting presided over by Additional Secretary Finance (Corporate Finance) convened to discuss Action Plan recommended by IMF’s PIMA (Public investment Management Assessment) held under the SF(CF). The Competition Commission of Pakistan briefed on state of competition in LNG/ LPG and transport infrastructure sectors. CCP shared the findings on…

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Heavy on rhetoric, light on concrete plans

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999-999

Tens of millions of Pakistani voters will cast their ballots in the 12th parliamentary elections since 1970 on Thursday in a grand test not just for the country’s frail democracy but also for its flagging economy. Billed to be the most contentious elections in the nation’s history, the entire exercise is scarred by the establishment’s efforts to decimate one of the largest political parties, with the rivals standing on the sidelines and watching their path to power being cleared for them. The controversies surrounding the electoral exercise notwithstanding, the new…

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