• About
  • Advertise
  • Contact
Wednesday, July 6, 2022
  • Login
WRITE FOR US
Economy.pk
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
No Result
View All Result
Economy.pk
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
Economy.pk
Home Business

ECC extends power subsidies

byMuhamad Arshad
August 17, 2021
in Business, Finance
Reading Time: 1 min read
0
subsidies
246
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

The government on Monday approved Rs68 billion in electricity and gas subsidies for a class of exporters and Karachi’s industrial consumers but pended a decision about similar subsidies for farmers, as political commitments far exceed narrowing fiscal space.

The Economic Coordination Committee (ECC) of the cabinet approved the Rs68 billion subsidies for five export-oriented sectors and incremental use of electricity by industrial consumers of Karachi. But the cabinet body did not take two other decisions that would have cost the government another Rs74 billion on account of agriculture tube well subsidies (Rs48 billion) and time of use meters industrial consumers (Rs26 billion).

RelatedPosts

Army budget reduced to pave way for IMF deal

Market expects 100-150bps hike in interest rate

Pakistan’s export of rice to China crossed $ 277.56 million

Against Rs68 billion subsidies, the available budget was only Rs49 billion and the rest of the Rs23 billion will be provided in supplementary budget, which means without seeking prior approval of the parliament. Finance Minister Shaukat Tarin presided over the ECC meeting.

“Full subsidy will be provided through supplementary grant, but, when it is earned,” said Tarin while responding to a question by The Express Tribune.

Tags: ECCpower subsidiesPTI Governmentsubsidies
Muhamad Arshad

Muhamad Arshad

Related Posts

Army budget reduced to pave way for IMF deal

Army budget reduced to pave way for IMF deal

Army budget reduced to pave way for IMF deal. Pakistan has reduced the armed forces development program by Rs72 billion,...

Market expects 100-150bps hike in interest rate

Market expects 100-150bps hike in interest rate

It is expected by the financial market that the interest rate will be increased by 100 to 150 basis points,...

Next Post
SMEs

SBP introduces schemes for SMEs to get loans without collateral

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Railways Announces 30pc Reduction In Train Fares

Railways Announces 30pc Reduction In Train Fares

Hyderabad to get Rescue 1122 by next year

Hyderabad to get Rescue 1122 by next year

Army budget reduced to pave way for IMF deal

Army budget reduced to pave way for IMF deal

Monsoon emergency helpline ‘16’ becomes functional

Monsoon emergency helpline ‘16’ becomes functional

British HC urges Pakistanis to apply for UK visa at earliest

British HC urges Pakistanis to apply for UK visa at earliest

Market expects 100-150bps hike in interest rate

Market expects 100-150bps hike in interest rate

Connect with us

Twitter

Economy.pk

Economy.pk touches diverse topics with a lighter note and is geared toward audiences with various interests and all ages. Come and explore Economy.pk. Ample details and analysis are provided in extraordinarily readable manner making them compelling and interesting at the same time.

Category

  • World
  • Politics
  • Business
  • Technology
  • Education
  • Health
  • Life & Style
  • Opinions

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin

Sitelinks

  • Sitemap

Download our APP

download on android app download on apple app
  • About
  • Advertise
  • Contact

© 2022 All Rights Reserved Economy.pk | Designed & Developed by Digital Otters

  • LATEST
  • World
    • Europe
    • Americas
    • Asia
    • Oceania
    • Africa
    • Canada
    • Middle East
  • Finance
  • Politics
  • Business
    • Economy
    • Finance
    • Entrepreneurship
    • Real Estate
  • Technology
    • Cyber Security
    • Mobiles
    • Social Media
  • Education
  • Sports
  • Life & Style
    • Personalities
    • Art
    • Culture
    • History
    • Entertainment
    • Fashion
    • Food
    • Health
      • Environment
      • Fitness
  • Sponsored

© 2022 All Rights Reserved Economy.pk | Designed & Developed by Digital Otters

No Result
View All Result

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In