To improve Pakistan's economy, the World Bank, in its review report, has recommended several suggestions to the country to counter the problem -- starting with the end of subsidies.
Speaking at the Annual Accountant General's Conclave, Murmu said that the state must meet its capital expenditure, including loans and advances, from its own sources of revenue, or at the least confine the net debt to its capital expenditure.
Delhi Power Minister Atishi on Thursday alleged that her department was being "pressurised" by BJP leaders and Lieutenant Governor VK Saxena in a bid to stop Aam Aadmi Party government's power subsidies to farmers and advocates.
The source further said that the Chief Secretary submitted a report to the Chief Minister Arvind Kejriwal as well as Delhi LG Vinai Kumar Saxena, pointing out that the Power Department is not following the statutory advice of Delhi Electricity Regulatory Commission (DERC) on "subsidies being
The investor-friendly climate is critical -policies such as tax breaks, incentives, sector-specific subsidies, free trade zones, and business regulations are only marginally or partially investor friendly.
Gilgit-Baltistan Awami Action Committee demanded the end of load shedding, the revival of subsidies on flour, reversing the proposal of the revenue act and an end to land grab in the Pakistan-Occupied Gilgit Baltistan (PoGB) by the Pakistan army and government.
Meanwhile, Pakistan is contesting the fiscal gap in achieving the primary deficit. Pakistani authorities have asked the IMF for incorporating flow of reduction under the revised Circular Debt Management Plan (CDMP) and reduced the amount of required additional subsidy of Rs 605 billion again
The Centre gave subsidies of Rs 59,837 crore on passenger tickets in 2019-20, which comes to an average concession of around 53 per cent for every person travelling, informed Union Railways Minister Ashwini Vaishnaw on Friday in Rajya Sabha.
Subsidies on fertiliser and food for 2023-24 (April-March) have been reduced by 22 per cent and 31 per cent each in comparison to the revised budget estimates for the current financial year ending March 2023.
Senior government officials said that IMF mission chief for Pakistan Nathan Porter has reached in Islamabad to hold technical discussion with authorities.
Apple growers and other horticulturists in Himachal Pradesh said they were hopeful of getting special provisions in the Union Budget to boost trade of Himachali apples.
The two draft ordinances prepared for Rs 100 billion each in taxes and flood levies. Pakistan is also considering discontinuing power subsidies, imposing sales tax on raw materials for exports, as well as, hikes in power, and gas tariffs are also on the agenda.