Overall, finance ministry will give Rs45 billion to energy companies for circular debt

The new prices have been announced after getting PM’s nod with effect from June 1

Finance ministry blamed for accumulation of Rs401b circular debt

OGRA, however, recommends increase in kerosene oil price

At present, oil companies are bound to keep stocks for 20 days only

Sector falls in govt’s priority list; country’s food security at stake

A third of money to account for settling foreign loans, paying interest on bank loans

Govt withdraws subsidy on fertiliser sales, earmarks Rs15.5b for KE

In outgoing year, receipts are 7% lower than the Rs394.8b target

Country pays Rs1.41tr in debt servicing in Jul-Mar FY17 against annual budgeted estimate of Rs1.95tr