Govt to allocate subsidy worth Rs578bn in FY23

News Image

MG News | June 09, 2022 at 10:48 AM GMT+05:00

0:00

June 09, 2022 (MLN): The government is likely to earmark Rs578 billion in the fiscal year 2022-23 while the energy sector will get lion’s share as Rs500bn to be allocated to this sector.

Meanwhile, Independent Power Purchasers (IPPs) will receive around Rs190bn in the upcoming fiscal year while Rs20bn will be issued for Regasified Liquefied Natural Gas (RLNG) for the zero-rated industries, sources told Mettis Global.

In addition to it, the industrial sector will be allocated Rs52bn in FY23.

It is pertinent to mention that the overall subsidy earmarked for FY23 is 15% less than the previous year.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 157,953.47
555.47M
1.14%
1775.65
ALLSHR 96,741.22
1,957.60M
1.16%
1110.83
KSE30 48,198.94
249.79M
1.09%
520.47
KMI30 232,694.17
290.89M
1.31%
3011.94
KMIALLSHR 65,027.13
1,019.78M
1.03%
660.37
BKTi 42,489.56
84.10M
1.35%
566.75
OGTi 31,779.36
15.21M
0.14%
43.57
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 117,830.00 118,295.00
116,115.00
2005.00
1.73%
BRENT CRUDE 67.49 68.42
67.19
-0.46
-0.68%
RICHARDS BAY COAL MONTHLY 84.00 0.00
0.00
-0.40
-0.47%
ROTTERDAM COAL MONTHLY 94.00 94.50
94.00
0.45
0.48%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 63.29 64.20
63.03
-0.41
-0.64%
SUGAR #11 WORLD 16.13 16.27
15.89
-0.14
-0.86%

Chart of the Day


Latest News
September 18, 2025 at 07:00 PM GMT+05:00

Pakistan's Forex Reserves Increase by USD 54.80 Million


September 18, 2025 at 05:59 PM GMT+05:00

Textile exports drop to $1.4bn in August


September 18, 2025 at 05:45 PM GMT+05:00

U. S. A. leads as top export destination for Pakistan in August


September 18, 2025 at 05:40 PM GMT+05:00

Pakistan's Power sector attracts net FDI of 86.5m in August



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg