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ISLAMABAD:
World Bank Chief Economist and acting Country Head for Pakistan Tobias Haque has denounced the provision of regressive subsidies in energy, fertiliser and gas sectors and said the fiscal cost of state-owned enterprises is contributing to fiscal pressures in Pakistan.
While discussing the economic challenges and growth opportunities at a session jointly organised…
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IMF demands to end subsidies for 'protected' consumers - Daily Times
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KARACHI:
Finance Minister Muhammad Aurangzeb on Friday claimed that it was misconstrued that the International Monetary Fund (IMF) opposed subsidies whereas it wanted the targeted ones to be increased.
“The fact is that the IMF is against untargeted subsidies. It actually wants the targeted subsidies to be enhanced,” he told the media during his visit…
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ISLAMABAD:
Despite phenomenally increasing electricity prices, the Ministry of Energy has sought a colossal Rs1.23 trillion in power subsidies for the next fiscal year, an increase of 26% over the allocation this year.
Funds are sought for mostly covering the difference between consumer prices and generation costs and for subsidies for Azad Jammu and…