Tags : subsidy

IMF advises Pakistan: No subsidy without prior clearance

ISLAMABAD: The International Monetary Fund (IMF) has added a clause stating that Pakistan will not offer any extra subsidies without first receiving Fund permission into the draughts Memorandum of Economic and Financial Policies (MEFP). The federal government, however, requested US assistance once more on Wednesday to persuade the IMF staff to move towards reaching a […]Read More

Subsidy on five food items at utility stores: PM Shehbaz

ISLAMABAD: Prime Minister (PM) Shehbaz Sharif Monday decided in principle that the government would provide flour, ghee, cooking oil, pulses, rice and sugar at low prices during the next financial year. The PM took the important decision while chairing a meeting on issues relating to Utility Store Corporation (USC) here. “The poor segment of society […]Read More

CM Hamza announces Rs160 subsidy on 10kg flour bag

Renewing pledge to work for the welfare of the masses, Punjab Chief Minister (CM) Hamza Shehbaz Thursday announced decreasing the price of 10kg flour bag by Rs160 to Rs490, reported private news channel. Addressing a press conference in Lahore’s Model Town, the Punjab chief minister said, “It has been a month and a half that there is no governor […]Read More

Bitter pill of Rs20 rise in petrol prices under consideration

ISLAMABAD: The Shehbaz gov is considering swallowing the bitter pill of increasing the petrol prices and Also diesel prices by Rs20 per litre to partially alleviate the extremely-damaging impact on the country’s economy of the huge subsidy that given by the Imran Khan government at the end of its tenure. This one-time increase, despite being […]Read More

ECC: Ramazan subsidy, border trade agreements

ISLAMABAD: Economic Coordination Committee (ECC) of the federal cabinet will approve the Ramazan subsidy package for Utility Stores and finalize rules for border trade agreements with Afghanistan and Iran on Wednesday, reported. Agenda of ECC According to sources privy to the agenda of the ECC, the committee would mull over the eight-point agenda which included […]Read More

KP govt approves Rs6 billion subsidy for SME sector

PESHAWAR: The KP government on Wednesday approved an amount of Rs6 billion as a subsidy to the RAAST Modernization Finance Scheme and Working Capital Financing Scheme to encourage the new businesses in the Small and Medium Enterprise (SME) sector. The nod given by Chief Minister Mahmood Khan while chairing the 63rd meeting of the cabinet, […]Read More