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Govt announces subsidy on POL products to partially cancel out hike

Source: Geo News | 01-07-2013

ISLAMABAD: Minister for Finance, Senator Ishaq Dar Sunday announced subsidy on petroleum products, partially cancelling out the hike in their prices, Geo News reported.

He approved a hike of Rs2 per liter in the price of petrol as against the earlier announcement of Rs2.66 increase. Similarly, the rate of diesel has been revised and now the new price will reflect a rise of Rs2.16 a litre.

Dar announced a subsidy of 66 paisas per litre on petrol and Rs1.50 a litre on diesel.

PM vows steps to improve economy

Source: Dawn News | 09-04-2013

The economic managers, in a briefing to the caretaker prime minister, stated on Monday that the economy had come under pressure due to increase in expenditure and low revenue collection. The Federal Finance Secretary, Nisar Khoso, informed the prime minister that the economy was in a bad shape due to government’s inability to increase tax-to-GDP r..... Read more

Food insecurity takes a â€˜nastyâ€™ turn globally

Source: Tribune | 02-04-2013

Food insecurity globally has taken a “nasty” turn as growth in grain production stood at 0.9% per annum against an increase in population of 1.7% annually. The situation demands immediate steps on the part of all stakeholders to wipe out hunger from the globe, said experts from Australia. The two-member Australian Support Linkages Programme (A..... Read more

Bhasha Dam tops govtâ€™s priority list

Source: The Nation | 01-02-2013

The federal government, through the Pakistan Water and Power Development Authority (WAPDA), is implementing multi-purpose Diamer Bhasha Dam as a priority project because of its numerous benefits for economy of the country. In addition to gigantic Diamer Bhasha Dam Project, the work on 4,320 mega watt (MW) Dasu Hydropower Project will also be commenced soon, ..... Read more

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