May 21: The News reported that the International Monetary Fund (IMF) has estimated that Pakistan requires Rs1,416 billion in subsidies for keeping the POL prices unchanged on an annual basis at the prevalent existing prices in the international market, so Islamabad will have to reverse fuel subsidies for achieving fiscal prudence.
Households consuming up to 100 units of power to get free electricity: CM Punjab
July 4: GEO News reported the Punjab Chief Minister Hamza Shahbaz announced Monday that the provincial government will bear the power cost of households that consume up to 100 units of electricity in a month. Read more I
Pakistan ponders Russian crude imports, seeks input from refiners
July 4: S&P Global has reported that the Pakistani government has asked its refineries to provide feedback on importing attractively-priced Russian crude in an effort to soften the blow from a ballooning import bill, joining a list of Asian countries which are keeping their options open to buy from the non-OPEC supplier. Read more I
Cabinet approves second NAB amendment bill in span of a month
July 4: Dawn has reported that the federal cabinet on Monday passed the National Accountability (Third Amendment) Bill, 2022, with fresh legislation aiming to restrict the watchdog's role in corruption cases of over Rs500 million and taking away the president's authority to appoint accountability court judges. Read more I