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A meeting of the Cabinet Committee on Rightsizing of the Federal Government was held Monday, chaired by Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, at the Finance Division. The meeting reviewed progress on the implementation of rightsizing measures across federal ministries and deliberated on the rightsizing plan of …

Aftab Maken The Economic Coordination Committee (ECC) of the Cabinet met to discuss a summary submitted by Petroleum Division for an upward revision of the indigenous gas tariff for industry (captive power) as well as non-protected domestic slabs, says an official release of finance ministry on Saturday. The meeting was …

Aftab Maken In a significant development, the Government has decided to withdraw proceedings initiated by NEPRA against Independent Power Producers (IPPs) for abnormal profits and excess savings in fuel and operations & maintenance (O&M) costs. Additionally, the government has terminated the agreement with PakGen Power Limited and included KAPCO in …