Prime Minister Shehbaz Sharif is set to unveil significant reforms in the power sector tomorrow, marking a crucial step towards addressing key challenges in the energy industry. According to sources, the Prime Minister is expected to announce a reduction in electricity tariffs, with a proposed decrease of Rs 6 to …
Read More »Shehbaz Sharif’s Cabinet shake-up: Who’s Rising, Who’s Falling?
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 »Major tax cuts & incentives for real estate & housing very soon
Aftab Maken The government has prepared an incentive package for the public in the real estate and housing sector. To boost business activities in the property sector, a significant reduction in tax rates is also worked out. The 11-member task force of the Ministry of Housing has formulated more than …
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 »Uniform electricity tariff for SEZs approves
The Government has approved a new system to provide electricity at a uniform tariff for Special Economic Zones (SEZs) and Industrial Estates to boost industrial development across the country. The approval was granted during a Cabinet Committee on Energy meeting held in Islamabad under the chairmanship of Prime Minister Shehbaz …
Read More »Ishaq Dr or Jam Kamal to replace Musadiq Malik?
Aftab Maken The Federal Minister for Petroleum, Dr. Musadik Malik, is currently facing intense scrutiny from influential quarters in Islamabad for a variety of reasons linked to his leadership of the ministry. The recent transfer of an additional secretary from the ministry has further escalated the situation, turning an already …
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