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Tag: Gas Prices

  • Imf Conditions, Government’s Decision To Increase Gas Prices Again

    Imf Conditions, Government’s Decision To Increase Gas Prices Again

    Canada Global(Web News) The government has decided to increase gas prices once again from January 2024. Caretaker Finance Minister Dr. Shamshad Akhtar while talking to the media said that the IMF should review the tariffs of the energy sector. , the decision to levy additional taxes on various sectors including real estate and retailers is yet to be decided.

    The Finance Minister said that achieving the tax target of Rs 9415 billion is the first priority of FBR, additional measures will be taken if there is any reduction in tax revenue. There is a possibility of receiving funds of 2 billion dollars from the World Bank this year. Dr. Shamshad Akhtar said that the rating will improve after the agreement with the IMF, after that the issuance of bonds will be considered. , is likely to get $2 billion in funds from ADB. The Islamic Development Bank and the Asian Infrastructure Bank are also expected to receive a total of $1 billion.

    If there is time, the new program will also be discussed with the IMF. He said that the economy of Pakistan has improved, a lot of work is needed for further improvement, it is important for Pakistan to stay in the IMF program. Completion of the $3 billion program is a priority at this time. The new program will also be discussed. The Caretaker Finance Minister said that it is important to stay with the IMF till the increase in exports and creation of local resources.

    No pre-conditions have been set for the second tranche of $70 crore. He said that Pakistan will not face external financing gap, efforts are on to get financing from alternative sources, various countries, international organizations and There is a plan to get financing from commercial financing. Earlier, the Caretaker Federal Finance Minister had said that the government expenditure and the price of energy will be reduced. Under the agreement with the Fund (IMF), the cost of energy will be reduced.

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  • More Than 172% Increase In Gas Prices Will Be Implemented From November 1

    More Than 172% Increase In Gas Prices Will Be Implemented From November 1

    Canada Global(Web News) New gas prices will be applied from November 1, fixed charges for consumers have been increased from 10 rupees to 400 rupees, the federal government has approved the increase in gas prices for the petroleum division. Notification continues.

    According to the notification, the price has not been increased for the consumers of 25 to 90 cubic meters of gas per month, but the fixed charges for the consumers have been increased from Rs.10 to Rs.400. The price has been increased by more than 172 percent, while its price has been increased from Rs 10 50 paise.

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    The increase in gas prices has become inevitable, which is being worked on, said the Minister of Energy

    The price of gas has been increased from Rs.300 to Rs.600 per mmbtu. The announcement states that the price of gas for monthly consumption of 100 cubic meters will be increased from Rs.400 to Rs.1000 for monthly consumption of 150 cubic meters. The price of LPG has been increased from Rs 600 to Rs 1200. And the price of gas has been increased from 800 for a monthly consumption of 200 cubic meters. 1600 per mmbtu has been increased.

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  • Confirmation Of Increase In Gas Prices, Federal Cabinet Meeting Called Tomo2rrow

    Confirmation Of Increase In Gas Prices, Federal Cabinet Meeting Called Tomo2rrow

    Canada Global(Web News) The meeting of the federal cabinet was called yesterday in which the increase in gas prices will be approved.

    Caretaker Prime Minister Anwar Haq Kakar convened a federal cabinet meeting yesterday. In the federal cabinet meeting, the economic and political situation of the country will be reviewed and the recommendations of the economic coordination committee of the cabinet will also be approved. will be done, the progress on the return of illegal immigrants will be reviewed.
    The federal cabinet will also be briefed on the results of the ongoing operations against illegal economic activities, the IMF officials will also be briefed regarding the agenda of the negotiations to be held in November, while the law and order situation in the country will be reviewed. will also be reviewed.

  • Gas Prices Are Likely To Increase By 193% From Next Month

    Gas Prices Are Likely To Increase By 193% From Next Month

    Canada Global(Web News) Gas prices are likely to increase by 193 percent from next month. According to sources, the summary of the increase in gas prices is likely to be presented in the meeting of the Economic Coordination Committee tomorrow.

    Sources said that the petroleum division’s summary proposed a 193 percent hike in gas rates and a 172 percent hike in gas prices for domestic consumers.
    According to sources, a hike in gas price of around 193 per cent has been proposed for other categories and fixed monthly charges for protected customers have been proposed to be increased from Rs 10 to Rs 400.
    Sources say that the tariff of export industries is recommended to be Rs 950, the tariff of non-export industries is Rs 1400, the tariff of non-export industries is Rs 2600. According to the sources, the gas tariff for CNG sector is Rs 4400
    per mm. BTU while gas price for power plants and ovens is proposed to be maintained.
    Sources say that the price hike can be implemented from October 1.

  • IMF Expresses Concern Over Non-Increase In Gas Prices

    IMF Expresses Concern Over Non-Increase In Gas Prices

    Canada Global (Web News) The IMF has expressed concern over the non-increase in gas prices since July 1. According to sources, the IMF has demanded that the Ministry of Finance convenes a meeting of the Economic Coordination Committee to discuss gas prices. Give immediate approval to price hikes.

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    Cut costs, privatize institutions, IMF calls for caretaker government

    Sources said that a meeting of the Economic Coordination Committee has been convened on Monday to raise gas prices on the demand of the IMF, while a summary of the price hike has been shared with the IMF by the Power Division. IMF says that not increasing gas prices is a violation of the agreement.

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    Relief in electricity bills, Ministry of Finance has sent a new plan to the IMF

    Sui gas companies have suffered a loss of 46 billion rupees due to the non-increase in gas prices since July 1. In this regard, the sources have further informed that the IMF recovered the loss of 46 billion rupees from July to September. It has been proposed that Caretaker Finance Minister Dr. Shamshad Akhtar will return from China today after attending the Belt and Road Conference.

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