Stories from Shahbaz Rana
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LNG confusion: Tax authorities refuse to provide exemptions to ETPL
Govt’s backing off can make floating terminal financially unviable.
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Govt to raise power tariffs by 3%
The Rs0.36 per unit surcharge will be levied to recover the additional cost of power generation and distribution
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Understanding: Pakistan says yes to increasing reserves to $15.43b by June
IMF wants country to shore up foreign currency kitty.
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Privatisation Commission: Too low a floor as CCoP says Rs166 per share for HBL
Government set to offer its 41.5% stake in bank; book building to begin today.
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EU’s countervailing duties: WTO sets up panel to study Pakistan’s complaint
European Union had imposed 5.1% duty in 2010 blaming the country for trade-distorting subsidies.
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Liberalising commerce: Second phase of tariff reforms to kick off in July
Duty rates and slabs will be reduced to open up trade with other countries.
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Planning and Development: Re-gasified LNG power plants approved for Punjab
CDWP gives thumbs-up to projects that will cost Rs169.6b; will be financed by PSDP.
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Defence budget: Navy pleads for fleet modernisation funds
Finance minister asks navy to go through the joint staff headquarters of the armed forces first
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National Bank: Former president to get paid for period he never served
He says board gave approval after seeking legal opinion.
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Liabilities overload: SME Bank no more financially viable, govt says
Considers its merger with NBP or making it subsidiary.









