Political backdrop of Budget should not be ignored
KARACHI: Political noise has been fever pitch in the last few months as the recently ousted PM Imran Khan demanding immediate elections. Even if the government is able to withstand…
Federal Budget: Subsidies to fall by 54%
KARACHI: The government is reducing its targeted subsidy balance by 54% YoY to Rs699 billion for FY23. The subsidies granted to Independent Power Producers (IPPs) and Pakistan Holdings Private Limited…
Federal Budget: Energy Taxation
KARACHI: The most notable increase stems from the projected Rs750 billion collection of Petroleum Development Levy (PDL) against Rs135 billion collected in FY22. Based on market estimates, the targeted Petroleum…