K-Electric emerges biggest winner as government raises Its power subsidy by 30%
Despite overall subsidy cuts, K-Electric secures Rs163 billion allocation, becoming the biggest beneficiary in the 2026-27 power budget
Continue Reading
Tag: subsidies
Massive cut in subsidies to curtail current expenditures
ISLAMABAD: Pakistan has announced massive cut in subsidies and allocated an amount of Rs699 billion for the fiscal year 2022/2023 as compared with the amount of Rs1.515 trillion in the outgoing fiscal year. The drastic cut in subsidies has been aimed at curtailing current expenditures to reduce the fiscal deficit. READ MORE: Petroleum levy to […]
Continue Reading
Subsidies sharply cut by 40pc for next fiscal year
ISLAMABAD: The federal government has decided sharp cut in subsidies during fiscal year 2020/2021. An amount of Rs209 billion has been allocated as subsidies for next fiscal year as compared with Rs349.5 billion of current fiscal year, showing reduction of 40 percent. According to budget documents for fiscal year 2020/2021 released on Thursday, a subsidy […]
Continue Reading