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The Economic Coordination Committee (ECC) has approved a major revision in solar net-metering regulations, cutting the buyback rate for solar energy from Rs27 per unit to Rs10 per unit. The decision, aimed at addressing the growing financial strain on grid consumers, came during a meeting led by Finance Minister Muhammad Aurangzeb. Revised Framework to Apply …
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The Economic Coordination Committee (ECC) has approved a comprehensive restructuring plan for Pakistan Revenue Automation Limited (PRAL). The committee has allocated Rs3.7 billion for the fiscal year 2024-25, with an additional Rs4.5 billion proposed for the next financial year, contingent on the entity’s performance evaluation. PRAL, a key IT subsidiary of the Federal Board of …
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Finance Minister Muhammad Aurangzeb said on Wednesday that the foundation for macroeconomic stability has been established. He cited improvements in key indicators such as a surplus current account, rising remittances, increasing exports, and higher foreign exchange reserves. Inflation has also dropped to its lowest level in six years. Policies Drive Sustainable Growth Speaking at the …
Continue reading “Business Confidence Rises, Remittances to Exceed $35 Billion: Finance Minister”
ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet approved significant financial measures on Thursday. This included a supplementary grant of Rs45 billion for defence and a 122 percent increase in the maximum retail price (MRP) of anti-rabies vaccines for public hospitals. The meeting was chaired by Finance Minister Muhammad Aurangzeb. Several key officials attended …
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Higher education Commission of Pakistan recognizes Pakistan’s first Entrepreneurial Higher Education Institute. Extreme Commerce is a college that is built to bridge the gap between academic knowledge and professional careers. Extreme Commerce College is an initiative that will allow the students to go through skill-based learning. They will learn and apply the skills at the …
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ISLAMABAD: Federal Finance Minister Hammad Azhar declared the government’s decision to lower gasoline and diesel rates on Wednesday. “This decision has nothing to do with the ECC [meeting that took place], but the first decision we’ve reached is to of the price of gasoline and diesel after discussions with the prime minister,” Hammad Azhar said …
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