If the price of Sui gas is not increased, there will be a shortfall of Rs185 billion.
Islamabad: The government has decided to increase gas prices before winter by more than 100 percent, reportedly.
According to the media reports, the Ministry of Finance has stated that there is a fear of an increase of Rs46 billion in the revolving credit of the gas sector during the current financial year.
It has also been reported that from July to September, the loss of gas companies has increased by 46 billion rupees and the revolving debt of the gas sector has reached 2700 billion rupees.
The government has been decided to increase the price of gas by more than 100% before the economic review because by not increasing the price of Sui gas, there will be a shortfall of Rs185 billion and by not increasing the prices of Regasified Liquefied Natural Gas (RLNG) for domestic consumers, there will be a shortfall of Rs21 billion.
In view of the increase in gas prices, a summary has been prepared for the Economic Coordination Committee (ECC) which will be presented in the upcoming ECC meeting.
Who counts as “working class”?
- a day ago
Pakistan condemns Houthi threats against Saudi Arabia, Red Sea shipping
- 20 hours ago
The Guardian’s Carter Sherman fondly remembers being terrified by Ocarina of Time
- 8 hours ago
Dave Eggers told OpenAI staff that ChatGPT was ‘silencing an entire generation’
- 8 hours ago
How the Michigan Senate primary activated every bitter Democratic grudge
- a day ago
Iranian Minister, COAS Munir discuss regional security
- 2 days ago
Microsoft strikes 'multi-billion dollar' deal for Mistral's AI computing power
- 2 days ago
The dirtiest air in the world
- 6 hours ago
Samsung launches new, more expensive foldable smartphones
- 15 hours ago
Godzilla actor dies at 18 after tragic car accident
- 17 hours ago
Punjab police DSP dismissed in luxury vehicle fraud case
- 2 days ago
Washington plans to announce nuclear agreement with Riyadh, US media reports
- 20 hours ago
