Stories from Zafar Bhutta
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Power tariff jacked up by Rs5.7 per unit
Increase to impact domestic, industrial and commercial consumers
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Telcos denounce ‘regressive’ budget
Say proposed tax hikes, penalties may undermine progress, deter foreign investment
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Petrol price likely to drop by Rs9 per litre
Estimated fuel price reductions are based on current tax structure,calculated with zero exchange rate adjustment.
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Refineries denounce diesel import decision
Contend local stocks are available, only products in deficit should be imported
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Record Rs1.36tr allocated to subsidies for FY25
Major allocation to power sector amid efforts to relieve consumers, support key initiatives
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Budget 2024-25: Government targets Rs1,281 billion from petroleum levy
Plan includes significant hikes in levies on petroleum, natural gas to stabilise economy, meet IMF requirements
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IPPs get Rs2.8 billion windfall every year
Consumers forced to pay heavy charges to these independent plants due to flawed policies
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Refinery plans $1.3b investment in new unit
Will install hydrocracker plant for converting furnace oil into petrol, diesel
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Lack of data may impede urea subsidy
All provinces, excluding Punjab, have not digitalised land record
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PM Office steps in on OMCs’ request
Oil marketing companies seek recovery of Rs26b exchange rate loss