ECC extends electricity, gas subsidy for export-oriented sectors dailytimes.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytimes.com.pk Daily Mail and Mail on Sunday newspapers.
ISLAMABAD: The government on Friday set up a committee of senior officials to resolve the cash flow issues being faced by the exporters due to stuck sales tax refunds.Finance minister Shaukat Tarin.
Storm brewing against Pakistan Steam Gas Pipeline
July 28, 2021
ISLAMABAD: In a shocking development, Pakistan has asked Russia that it has no money to fully fund its 74 percent shareholding in the $3 billion project of Pakistan Steam Gas Pipeline (PSGP) and asked Moscow to raise debt financing up to $1.4 billion against its shareholding for the project raising eyebrows of many if the huge amount of Rs 295 billion ($1.83 billion) collected in the head of GIDC (gas infrastructure development cess) by Finance Ministry till August 2020 has been utilized by the government.
So much so that Pakistan also asked Russia to jack up its shareholding maximum up to 49 percent from 26 percent showing that Islamabad does not have the required amount to finance its own shareholding of 74 percent. This develops a strong impression if the government that collected over Rs385 billion has utilized the GIDC amount either in budget financing?.
July 28, 2021
ISLAMABAD: In a shocking development, Pakistan has asked Russia that it has no money to fully fund its 74 percent shareholding in the $3 billion project of Pakistan Steam Gas Pipeline (PSGP) and asked Moscow to raise debt financing up to $1.4 billion against its shareholding for the project raising eyebrows of many if the huge amount of Rs 295 billion ($1.83 billion) collected in the head of GIDC (gas infrastructure development cess) by Finance Ministry till August 2020 has been utilized by the government.
So much so that Pakistan also asked Russia to jack up its shareholding maximum up to 49 percent from 26 percent showing that Islamabad does not have the required amount to finance its own shareholding of 74 percent. This develops a strong impression if the government that collected over Rs385 billion has utilized the GIDC amount either in budget financing?.
Make or break talks with Russia on PSGP from 12th
July 10, 2021
ISLAMABAD: In a new development, a 12-member Russian delegation, headed by A A Tolparov, Deputy Director of Department of Foreign Economic Cooperation and Fuel Markets Development, is coming on July 12 to Pakistan for having ‘make or break’ four-day talks on the country’s most strategic project of Pakistan Stream Gas Pipeline (PSGP), which is also known as the North South Gas Pipeline.
Both the countries inked on May 28 an amended Inter Governmental Agreement on PSGP in Moscow with the resolve to sign the shareholder agreement and other commercial accords within 60 days. The talks would focus on shareholders’ agreement and heads of terms. Both the countries would also decide about the diameter of the pipeline.