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Top News In ப்லக் போட்டியாளர் சந்தை பகிர் காட்சி உலகளவில் Today - Breaking & Trending Today

Terms for revival of IMF programme: Government to hike power tariff by Rs3.30 to plug circular debt


Top Story
January 15, 2021
ISLAMABAD: The government has projected that the circular debt will mount up to Rs2,805 billion till end June 2021, putting the bleeding power sector into a severe cash constraint situation, The News has learnt.
The Ministry of Power made the projections on the basis of status quo approach as the government had not taken any action to rectify the situation.
Top official sources said that the government is all set to increase the power tariff by hiking Rs1.90 per unit to revive the stalled IMF program under the $6 billion Extended Fund Facility (EFF). The government had agreed in principle to hike electricity tariff by Rs3.30 per unit in phases and in the first phase, it is going to announce power tariff to the tune of Rs1.90 per unit within the next few days. ....

Abdul Hafeez Sheikh , Asad Umar , Sheikh Rashid Ahmed , Abdul Razak Dawood , Shibli Faraz , Energy Omar Ayub Khan , Cabinet Committee On Energy , World Bank , Petroleum Nadeem Babar , Asian Development Bank , Ministry Of Power , Fund Facility , Power Division , Extended Fund Facility , Cabinet Committee , Federal Minister , Special Initiatives Asad Umar , Competitive Trading Bilateral Contract Market , Broadcasting Shibli Faraz , Interior Minister Sheikh Rashid Ahmed , Prime Minister , Finance Abdul Hafeez Sheikh , Abdul Razak Dawood Adviser , அப்துல் ஹபீஸ் ஷேக் , அசாத் உமர் , அப்துல் ர்யாஸக் தாவூத் ,

Terms for revival of IMF programme: Govt to hike power tariff by Rs3.30 to plug runaway circular debt


Top Story
January 15, 2021
ISLAMABAD: The government has projected that the circular debt will mount up to Rs2,805 billion till end June 2021, putting the bleeding power sector into a severe cash constraint situation, The News has learnt.
The Ministry of Power made the projections on the basis of status quo approach as the government had not taken any action to rectify the situation. Top official sources said that the government is all set to increase the power tariff by hiking Rs1.90 per unit to revive the stalled IMF program under the $6 billion Extended Fund Facility (EFF).
The government had agreed in principle to hike electricity tariff by Rs3.30 per unit in phases and in the first phase, it is going to announce power tariff to the tune of Rs1.90 per unit within the next few days. The multilateral creditors, including the IMF, World Bank and Asian Development Bank, always gave the prescription of hiking power tariffs to fix the problem. The PTI led government ....

Abdul Hafeez Sheikh , Asad Umar , Sheikh Rashid Ahmed , Abdul Razak Dawood , Shibli Faraz , Energy Omar Ayub Khan , Cabinet Committee On Energy , World Bank , Petroleum Nadeem Babar , Asian Development Bank , Ministry Of Power , Fund Facility , Power Division , Extended Fund Facility , Cabinet Committee , Federal Minister , Special Initiatives Asad Umar , Competitive Trading Bilateral Contract Market , Broadcasting Shibli Faraz , Interior Minister Sheikh Rashid Ahmed , Prime Minister , Finance Abdul Hafeez Sheikh , Abdul Razak Dawood Adviser , Run Away , அப்துல் ஹபீஸ் ஷேக் , அசாத் உமர் ,

FuelCell Gets a Downgrade as Analyst Says Hydrogen Stocks Have Soared Too Far


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A vaporizer of liquid hydrogen gas in Japan. Hydrogen-linked stocks have soared this year.
Yoshikazu Tsuno/AFP via Getty Images
J.P. Morgan analyst Paul Coster is taking some of his hydrogen investing chips off the table after an epic run for hydrogen-linked stocks.
Thursday, he downgraded stock in power equipment maker
FuelCell Energy
(ticker: FCEL) to the equivalent of Sell from Hold, and established a $10 price target, almost 50% below where shares closed Wednesday.
The stock has climbed too far too fast for Costner. FuelCell stock rose almost 350% in 2020 and shares were up another 71% year to date, as of Wednesday’s close. ....

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