Pakistan News

    Subsidies In Indian Budget 2013 14 Pakistan

  • 225pc increase in subsidies at Rs682bn in FY22 budget

    ISLAMABAD: Allocation for subsidies has been increased by a staggering 225 per cent in the upcoming fiscal year with the bulk of it going to the energy sector, including Rs136 billion in terms of tariff differentials to independent power producers (IPPs)...

    While there has not been any increase in the food subsidies, the power sector subsidies have been enhanced significantly...

  • Pakistan advised to cut energy subsidies

    BAKU: The Asian Development Bank (ADB) has advised Pakistan to reduce subsidies on fuel and power to take full advantage of lower international oil prices and take steps to make the economy more energy efficient...

    “This is a good opportunity for Pakistan to reduce fuel and power subsidies and make energy and economy more efficient,” said ADB President Takehiko Nakao in his concluding news conference after 4-day 48th annual meeting of...

  • Pakistan, three other countries got highest G20 coal subsidies

    LONDON: Pakistan is one of four countries which received highest amount of G20 international public finance for coal-fired power plants in 2016-17, according to a report issued by a London-based think tank on Tuesday...

    Despite promising a decade ago to phase out fossil fuel subsidies, the world’s leading economies more than doubled subsidies to coal-fired power plants over three years, putting climate goals at risk, said the report...

  • Foreign tourists to Pakistan more than triple since 2013

    As terrorism recedes in Pakistan, tourism appears to be on the rise, with more than thrice the number of international tourists travelling to the country in 2016 as compared to just three years ago, Bloomberg reported...

    Pakistan Tourism Development Corporation (PTDC) data showed that international tourists have more than tripled since 2013 to 1...

  • 122 ‘sectarian incidents’ took place in Pakistan since 2013, NA told

    ISLAMABAD: The National Assembly has been informed that 122 sectarian incidents have taken place all over the country since June 2013 and 10 banned organisations have claimed responsibility, or found involved during investigations, of 91 of them...

    According to a written reply to a question by MNA Saman Sultana Jafri of the Muttahida Qaumi Movement, Interior Minister Ahsan Iqbal states that 56 sectarian incidents took place in Punjab,...

  • Power subsidies to be reduced by 50pc

    ISLAMABAD: The government has decided to cut power sector subsidies by around 50 per cent to Rs118 billion in the next year’s budget to meet a commitment made to the International Monetary Fund...

    Know more: Power sector subsidy reduced by Rs250bnSources told Dawn that the announcement about reduction in power sector subsidies in the federal budget on June 5 would lead to approval by the IMF executive board of the staff-level...

  • Trump scraps key Obamacare subsidies

    WASHINGTON: President Donald Trump on Friday urged Democrats to make a deal with him on healthcare after he scrapped billions of dollars in Obamacare subsidies to private health insurers for low-income Americans in a move that raised concerns about chaos in insurance markets and could face legal challenges...

    The Trump administration on Friday disclosed the date of the subsidies cutoff after announcing late on Thursday the most...

  • US state subsidies to Boeing are legal: WTO

    GENEVA: Subsidies given by the US state of Washing­ton to Boeing are legal, a World Trade Organisation appeals body said Monday, partially overturning a victory by rival Airbus and the European Union last year...

    Last November, WTO judges found that one of the subsidies Washington State offered was “prohibited” as it encouraged the use of domestic materials, and thus caused trade distortions...

  • Rationale for support prices and input subsidies

    However, the provision of input subsidies and the policy of having a support price for important crops also have their limitations...

    Input subsidies will be helpful in promoting technological developments and innovations, benefiting only those who adopt modern technology...

  • UAE to scrap fuel subsidies from August

    DUBAI: Leading oil producer the United Arab Emirates will scrap subsidies on petrol and diesel from August to cut spending as low crude prices hit revenues, the energy ministry said on Wednesday...

    “The decision to scrap subsidies was taken to support state finances, rationalise fuel consumption and protect natural resources and the environment,” the ministry said...

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