In the recently inducted cabinet members of Prime Minister Shehbaz Sharif, several members have been reshuffled, with some experiencing promotions while others face demotions. Only time will tell the full impact of these changes. Notably, junior Finance Minister Ali Pervaiz Malik has been elevated to a full minister and entrusted …
Read More »Cabinet approves revised agreements with IPPs
The federal cabinet, chaired by Prime Minister Shehbaz Sharif, has approved revised agreements with 14 Independent Power Producers (IPPs), potentially reducing electricity prices by up to Rs11 per unit. Based on the Power Division’s recommendations, the cabinet endorsed renegotiated contracts with these IPPs, leading to a reduction of Rs802 billion …
Read More »ECC approves lavishly Rs 87bn under TSGs
The Economic Coordination Committee (ECC) of the Federal Cabinet on Thursday approved Technical Supplementary Grants (TSGs) amounting Rs 87 billion just a two weeks before for a new federal budget to be laid before the parliament for approval. The Federal Minister for Finance & Revenue Senator Muhammad Aurangzeb presided over …
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