The Caretaker government has granted approval to increase gas prices, complying with the condition set by the International Monetary Fund (IMF).
The hike in prices will affect both protected and non-protected consumers, with captive power plants set to witness a surge in gas rates.
For non-protected consumers, an expected increase of 100 rupees per MMBTU (million British thermal units) is anticipated, while for protected consumers, the hike could reach up to 300 rupees per MMBTU.
Additionally, gas users might face a staggering increase of 900 rupees per MMBTU, whereas the CNG sector is expected to experience a rise of 170 rupees per MMBTU.
Moreover, fertilizer factories will also witness a moderate increase in gas rates.
The final approval for the price hike will be sought from the federal cabinet, and the new prices are expected to come into effect from February 1st.
A government committee tasked with streamlining administrative operations has recommended a 30% reduction in the…
Punjab Chief Secretary Zahid Akhtar Zaman has called for the implementation of a paperless human…
Pakistan is set to make history at Heimtextil 2025, the world’s leading trade fair for…
As the New Year approaches, Daraz Pakistan will be helping consumers turn their New Year…
The Sindh government is advancing plans to invigorate economic activities through a mega construction project…
The Board of Intermediate Education Karachi (BIEK) has announced the results of the 2024 annual…
This website uses cookies.
