An undated image of Federal Minister for Finance Senator Muhammad Aurangzeb. — APP/File Pakistan made significant improvement in remittances: Aurangzeb.Adds policy rate is expected to be lowered in the ongoing fiscal year.Pakistan suffered Rs371 billion losses in floods,…
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Open-bidding ceremony underway for PIA privatisation
Three bids received for national carrier in televised auction.Auction follows last year’s failed attempt due to low bid.PIA’s prospects improve with debt assumption, lifted bans.
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Govt restricts private OMCs from importing high-speed diesel
Employees at a fuel station attend to their customers in Islamabad on February 16, 2022. — AFP/FileRestriction on private imports to remain until Middle East stabilises.Private OMCs must get NCMC approval to import high-speed diesel.Step introduces oversight to manage volumes foreign…
Govt proposes slashing power tariffs, raising fixed charges
A representational image of a transmission tower, also known as an electricity pylon. — AFP/FileGovt suggests slashing base tariff by up to Rs1.53 per unit.Consumers using 51–200 units face fixed charges of Rs200–300.Nepra approves Re0.284 per unit hike in…