Monitoring Report

Economy

Also, there is a disagreement between the government and K-Electric over the power utility’s liabilities, which was creating an obstacle to the transfer of 66.4% stake to SEP

Economy

The MEFP envisions to gradually reduce existing addition of Rs30 billion a month in power sector circular debt and decrease it to zero in the first two years of the programme

Economy

UAE may also provide financial assistance to the tune of $3 billion in shape of instalments and extend a $3 billion deferred oil payment facility

Economy

Byco is producing only 20,000 barrels per day (bpd) despite possessing a capacity of 155,000 bpd, contributing to under-utilization of the refinery

Economy

The acquisition of the issue by the central bank would assist Islamic Banks in coping with surplus liquidity and resources

Headlines

Similarly, a nine-month extension was granted to the 300MW Gwadar coal-based power project to reach its financial close by August 2019

Economy

Port Qasim Authority (PQA) Chairman Asad Rafi Chandna said it was working to develop another natural ship navigation channel

Headlines

Officials said the IPPs in contravention of the merit order utilized costlier furnace oil in November 2018 instead of the cheaper fuel, which cost the consumers extra money

Economy

It has come to the fore, that three out of four people who were declaring agriculture as the source of income aren’t paying tax on agriculture income in provinces

Economy

The sukuk issuance is planned for later this month, subject to the stakeholders reaching an agreement on the terms and conditions

Headlines

The EDB letter states while finishing the meeting, Secretary Industries and Production suggested the FBR exclude SRO 655 (I)/2006 from the purview of regulatory duty

Headlines

The figures released by the Planning Commission indicate Rs71 billion was disbursed by it to all 39 federal ministries and divisions in July-November of FY19