INDUSTRIES

Cabinet approves Rs25.75b grant for zero-rated industries

Cabinet approves Rs25.75b grant for zero-rated industries

ISLAMABAD:The federal cabinet approved on Thursday a supplementary grant of Rs25.75 billion for the provision of subsidy to the zero-rated export-oriented industries and captive power plants consuming re-gasified liquefied natural gas (RLNG).Additionally, the cabinet approved a gas subsidy of Rs5.5 billion to maintain fertiliser prices at current levels. To minimise the price difference between the […]

Cabinet approves Rs25.75b grant for zero-rated industries

ISLAMABAD:The federal cabinet approved on Thursday a supplementary grant of Rs25.75 billion for the provision of subsidy to the zero-rated export-oriented industries and captive power plants consuming re-gasified liquefied natural gas (RLNG).Additionally, the cabinet approved a gas subsidy of Rs5.5 billion to maintain fertiliser prices at current levels. To minimise the price difference between the […]

Import restrictions breed inefficiency in domestic industries

Import restrictions breed inefficiency in domestic industries

KARACHI:In October 2018, the government imposed regulatory duties on the import of 570 goods in order to discourage their import and generate a minimum of Rs20 billion to tackle the fiscal deficit.In order to generate fiscal revenue, there is a preference to raise customs duties by imposing an additional duty on imported goods. It is believed […]

Industries to face 10-hour power outage to facilitate domestic consumers

Industries to face 10-hour power outage to facilitate domestic consumers

ISLAMABAD;Exposing claims of government to eliminate loadshedding, it has been revealed that hydro-power production has decreased by more than 1000 MW. Finance Minister, Dr Miftah Ismail has said that in order to provide electricity to the public, the duration of loadshedding in industries will be amplified to 10 hours. He maintained that electricity of the […]

MEETING OF THE STANDING COMMITTEE ON INDUSTRIES & PRODUCTION MEETS

MEETING OF THE STANDING COMMITTEE ON INDUSTRIES & PRODUCTION MEETS

MEETING OF THE STANDING COMMITTEE ON INDUSTRIES & PRODUCTION MEETS Islamabad: (Asghar Ali Mubarak) A meeting of the Standing Committee on Industries and Production was held under the Chairmanship of Mr. Asad Umar, MNA in Parliament House and discuss the following issues: i. Briefing regarding PC-1for expansion of Agro Food Processing Company by Managing Director, […]