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Daily Times
With Rs 2.1tr outlay, development budget for FY22 goes up by 38% Out of total allocation, Rs 900 billion set aside for federal PSDP and Rs 1.235 trillion for provinces
June 12, 2021
Pursuing an approach of balanced development across the country, the federal government on Friday unveiled Rs 2.1 trillion Public Sector Development Programme (PSDP) for the fiscal year 2020-21, with special focus on strengthening the health sector and generating business activities to combat widespread disruptions caused by the Covid-19 pandemic.
Out of the total PSDP outlay, an amount of Rs 900 billion was set aside for the federal PSDP and Rs 1.235 trillion for the provinces, according to the budgetary document.
The Cabinet Committee on Energy (CCoE) on Thursday extended the flat electricity tariff to industrial consumers without the application of expensive peak-charges despite concerns of the Power Division. Reuters/File
ISLAMABAD: The Cabinet Committee on Energy (CCoE) on Thursday extended the flat electricity tariff to industrial consumers without the application of expensive peak-charges despite concerns of the Power Division.
Also it could not resolve a dispute between the power regulator and the Power Division over the future of about 100 Alternative and Renewable Energy (ARE) projects.
The meeting of CCoE was presided over by Minister for Planning, Development and Special Initiatives Asad Umar. The CCoE had abolished on Nov 2, 2020 the Time-of-Use (ToU) tariff scheme for industrial consumers. Under this, the peak and off-peak tariff structure was abolished only till April 30, 2021 and a review was to be carried out by March 31, 2021 for its continuation or otherwise beyond April