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Ministry of Water and Power has convened an inter-ministerial meeting on the dispute with Turkish firm M/s Karkey Karadeniz Elektrik Uretim on Tuesday (today) to firm up a well thought-out response of Government of Pakistan (GoP) to Turkish Prime Minister Ahmet Davutoglu. The Turkish Prime Minister is scheduled to reach Islamabad today on a two-day visit (February 17-18) to Pakistan.

Ministry of Water and Power has reportedly claimed an additional Rs 33.084 billion subsidy for Peshawar Electric Supply Company (Pesco) on account of tariff differential for 22 months from July 2012 to April 2014. Sources in the Finance Ministry said this subsidy has been claimed by Pesco on account of tariff differential as National Electric Power Regulatory Authority (Nepra) had revised its tariff for the period through a notification in October 2014.
Finance Minister, Senator Ishaq Dar on Sunday said that the government was according high priority toresolving the energy issue as it was the key to overall economic progress in the country.
Power distribution companies (Discos) have failed to comply with numerous directives of National Electric Power Regulatory Authority (Nepra) to undertake a study to determine the exact quantum of transmission and distribution losses, it was learnt.
Following a significant reduction in the prices of petrol and diesel, the commodity's sales remained record high in January as Pakistanis consumed 400,000 tons of petrol. According to petroleum ministry officials, due to reduction in the petrol prices, its consumption has increased by 32 percent during January 2015 as compared with January 2014.
The government is planning to reduce Capital Value Tax (CVT), stamp duty and other duties being levied at provincial and district levels on immovable property, giving an alternate proposal to provinces/districts/local bodies to levy an overall one percent tax.
Economic Co-ordination Committee (ECC) of the Cabinet has reportedly allowed an increase in the threshold of lower-priced drugs by 50 per cent of Consumer Price Index (CPI) every year. The ECC took this decision after a detailed discussion on Drug Pricing Policy prepared by the Ministry of National Health Services, Regulation and Co-ordination. The committee headed by Finance Minister, Senator Ishaq Dar also decided that hardship cases will be considered once in every three years.

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln