Finance Minister Dr Abdul Hafeez Shaikh presides over a meeting of the Economic Coordination Committee (ECC) of the Cabinet in Islamabad on Friday. PID
ISLAMABAD: The government on Friday abolished a 10 paisa per unit surcharge on electricity and increased the price of ghee by Rs30 per kg (15 per cent) for sale at Utility Stores.
The decisions were taken at a meeting of the Economic Coordination Committee (ECC) of the Cabinet presided over by Finance Minister Dr Abdul Hafeez Shaikh that also approved about Rs850 million technical supplementary grants to various entities.
The committee increased the price of ghee from Rs170 per kg to Rs200 per kg instead of Rs220 per kg demanded by the ministry of industries.
ISLAMABAD: Finance Minister Dr Abdul Hafeez Shaikh is chairing inaugural meeting of the 10th NFC on Thursday. APP
ISLAMABAD: With two smaller provinces Khyber Pakhtunkhwa and Balochistan pitching demands for higher resources to address their peculiar deprivations, the inaugural meeting of the 10th National Finance Commission (NFC) on Thursday constituted six sub-groups to prepare sectoral recommendations.
Presided over by Finance Minister Dr Abdul Hafeez Shaikh, the meeting did not set a schedule for future meetings or deadlines for completion of studies on six thematic topics and agreed to hold discussions in future if certain terms of reference (TORs) of the NFC were outside its constitutional mandate.
Jahangir Tareen convincing PTI lawmakers to vote for party in Senate polls : PTI MNA Raja Riaz
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Business magnate-turned-politician Jahangir Khan Tareen speaks to Prime Minister Imran Khan. Geo.tv/Files
Jahangir Tareen speaking to PTI lawmakers in Punjab to convince them to vote for the ruling party in Senate polls, says PTI MNA Raja Riaz
Riaz notes that Jahangir Tareen is in contact with PTI MNAs and MPAs from all over Punjab, not only in South Punjab
Adds that the business magnate took up the task on PM Imran Khan s request
LAHORE: Business magnate-turned-politician Jahangir Khan Tareen has been in touch with PTI lawmakers in Punjab to convince them to vote for the ruling party in the upcoming Senate polls, a member of the National Assembly claimed on Friday.
6 sub-groups formed in first meeting of 10th NFC - Newspaper dawn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dawn.com Daily Mail and Mail on Sunday newspapers.
• Bill drafted for SBP’s autonomy
• 1.5pc economic growth rate projected
ISLAMABAD: With energy tariffs jacked up, Pakistan and the International Monetary Fund (IMF) have reached a staff-level agreement for disbursement of $500 million as they finalised modified ‘ambitious policy actions’ on expenditure cuts and revenue measures for revival of $6 billion fund programme disrupted since February 2020.
A statement issued by the IMF said the two sides completed second to fifth (March 2020 to March 2021) quarterly reviews a rare phenomenon given the pandemic and the fund projected an economic growth rate of 1.5 per cent for the current financial year against last year’s negative growth rate of 0.4pc. However, the outlook is subject to a high level of uncertainty and downside risks owing to an unfolding second wave of the pandemic. The virtual talks from the IMF side were led by Ernesto Ramirez Rigo.