Govt to allocate subsidy worth Rs578bn in FY23

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	156,198.92 213.47M	0.52% 814.41
ALLSHR	95,688.24 688.14M	0.58% 554.67
KSE30	47,740.73 106.71M	0.58% 273.74
KMI30	229,213.05 77.50M	0.69% 1567.83
KMIALLSHR	64,348.02 334.18M	0.72% 459.96
BKTi	42,091.70 62.59M	0.79% 329.92
OGTi	31,814.70 5.39M	0.62% 195.57

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	115,220.00	117,240.00 114,940.00	-2045.00 -1.74%
BRENT CRUDE	67.14	67.52 66.78	0.15 0.22%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-1.20 -1.41%
ROTTERDAM COAL MONTHLY	93.00	0.00 0.00	0.05 0.05%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	62.90	63.24 62.52	0.21 0.34%
SUGAR #11 WORLD	15.90	15.98 15.80	0.11 0.70%