Connect with us

Pakistan

Govt. has no plans to enhance gas and electricity prices!

Published

on

ISLAMABAD: Following the Federal Cabinet Meeting held here today with PM Imran Khan, Information Minister Fawad Hussain briefed the Media about decisions taken. 

Fawad told that government had no plans to change the tax rate for salaried class and increase prices of gas and electricity. He said it was the philosophy of the PTI government not to add burden on salaried class and farmers.

According to details, the cabinet decided to abolish the Ministry for Capital Administration and Development Division. He said Capital Development Authority will work under the Ministry of Interior. Informing that the drive against encroachments in Islamabad would continue, the minister told the government had so far recovered state land worth 7.5 billion rupees from illegal occupants.

The federal cabinet decided to import one hundred thousand tons of urea (for which Rs. 4b will be spent by the Govt.) and ensure the provision of gas to local fertilizer plants to meet urea requirement for the upcoming Rabi crop. Fawad claimed that the previous government did not supply gas to the fertilizer plants and also allowed export of urea, which created a shortage of urea for the next crop.

Giving detail of expenses and income of the ongoing Metro Bus projects, Chaudhry Fawad Hussain said the government had to pay a total of eight billion rupees subsidy annually on the Metro Bus services being run in Lahore, Rawalpindi, and Multan. He said 4.2 billion rupees subsidy is being provided on Lahore Metro Bus and two billion rupees each on Rawalpindi and Multan Metro Bus services. 

He said Punjab government will decide whether to continue this heavy subsidy on Metro trains or not. The Minister said on completion, 3.5 billion rupees subsidy will have to be provided on Orange Line Metro Train Lahore. He, however, said Peshawar Metro Bus project will be completed at a cost of 67 billion rupees, and the government will not have to provide any subsidy on it. He said the buses have been purchased instead of hired on rent.

The Information Minister said the dead capital of the government buildings constructed on 34460 Kanal land will be better used for commercial purposes. He said the government has started austerity drive keeping in view the economic condition of the country. He said 2.3 billion rupees were spent by the Prime Minister Office, 2.9 billion rupees by Punjab Chief Minister Office, and 1.4 billion rupees were spent by Punjab Governor House during the last five years. He told that the Dams Fund would be exempted from income tax and withholding tax.

Continue Reading
Advertisement

Crime

Student groups clash in QAU

Published

on

ISLAMABAD: Two student groups clashed in Quaid e Azam University (QAU) here on Tuesday however, later due to efforts of the city administration the situation was brought under control.
According to official sources, Deputy Commissioner and Senior Superintendent Police reached the site and controlled the situation.
In a tweet, the Deputy Commissioner said, “Negotiations are going on. It’s unfortunate to see that few mischief mongers have disturbed entire university.”

 

Continue Reading

Economy

Fin. Minister briefs PM about talks with IMF

Published

on

Gulf economy recovering

ISLAMABAD: Finance Minister Asad Umar, who is accompanying the Prime Minister Imran Khan during his official visit to Malaysia, on Tuesday briefed the prime minister about the visit, meetings, and progress till now with the International Monetary Fund (IMF) delegation in Pakistan.
The finance minister informed the prime minister that efforts were being made to settle bilateral affairs with the IMF in such a way which would have positive results on the economy and which could not put a burden on the people, a press release issued by the PM Media wing here said.
He said that progress on meetings held so far with the Fund was encouraging, however, the final decision regarding the bailout package would be made keeping in view people’s interests and vision of the government.
Asad Umar told the prime minister that the IMF programme had no immediate pressure on Pakistan’s economy, adding that understanding Pakistan’s priorities by the IMF delegation was an encouraging step.

 

Continue Reading

Economy

Dams: CJP pinning hopes on Overseas Pakistanis

Published

on

Chief Justice Of Pakistan On Dams Fund

ISLAMABAD: CJP on Tuesday said that Overseas Pakistanis should play a role in the construction of dams in Pakistan.
Expatriates should come forward for resolution of problems of Pakistan besides provision of funds for construction of water reservoirs, he stated while talking to a private news channel.
Construction of dams was imperative for addressing future demands of water in the country, he said. CJP Saqib Nisar said that Mohmand Dam could have been started earlier than the other dams.
Commenting on the justice system, he said that we have a single system in Pakistan for the dispensation of justice.
“While dealing with the cases, we don’t have two systems of justice here, ” he added. He said that Overseas Pakistanis had great attachment and love for their country.
Pinning the hopes of Pakistanis living abroad, he said that they could play a vital role in steering the country out of the present challenges. We are fully capable to resolve the national issues, he stated.
To another question, he said, “We don’t have a selected system of justice in Pakistan.” Giving a message to the people, he said that everyone should have love and respect for Pakistan.

 

Continue Reading

News Pakistan Trending