Discos allowed 90-paisa hike in fuel cost for January - Newspaper dawn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dawn.com Daily Mail and Mail on Sunday newspapers.
Govt decides to slap Rs140b taxes from July
Cabinet approves proposal to introduce a new budget to meet IMF condition
ATL 2021 has replaced ATL 2020 that carried names of 3.12 million individuals and companies. A comparison of both lists showed that over 932,000 names were missing from the new list.. PHOTO: FILE
ISLAMABAD:
The federal cabinet has approved introducing a new budget to slap taxes amounting to Rs140 billion to meet a condition of the International Monetary Fund (IMF), as the cost of tax exemptions swelled by another one-fifth to nearly Rs1.4 trillion in the current fiscal year.
The cabinet meeting, chaired by Prime Minister Imran Khan, approved the Income Tax Second Amendment Act 2021 after resisting the IMF demand for over a year.
KARACHI: The first regasified liquefied natural gas (RLNG)-based 450 megawatt BQPS-III plant is scheduled to come online by May which would help improve K-Electric’s generation fleet efficiency from 38 per cent to 48pc in FY21, the company said on Wednesday.
In an online corporate briefing, KE Chief Financial Officer (CFO) Aamir Ghaziani reiterated the company’s commitment with taking Karachi to a power surplus position by 2022.
The upcoming 900MW RLNG-based BQPS-III is proceeding as per expected timelines while renewable energy projects of 350MW were also in the pipeline, he said.
Work on the 220kV Dhabeji Grid and Transmission Lines has started and finalisation of contractual arrangements for the off-take of additional 1,400MW from the national grid was in advanced stages, Mr Ghaziani informed analysts from various brokerage houses and financial institutes.
KE committed to ensuring surplus power for Karachi by 2022 thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.
KARACHI: The Sindh cabinet on Tuesday decided to resolve the pension issues of the retired employees of all government departments immediately.
A meeting of the cabinet, chaired by Chief Minister Syed Murad Ali Shah, was held here at the New Sindh Secretariat. The meeting was attended by all provincial ministers, advisers, chief secretary and secretaries concerned.
“An employee who retires from his/her service must be given their pension and dues in time,” the CM said, adding that metropolitan and municipal corporations and others had failed to develop a mechanism for payment of pensions due to which retired employees had been running from pillar to post for their legitimate right.