The federal cabinet has postponed a Rs7.99 per unit increase in the basic electricity tariff.
On Tuesday, the federal cabinet convened in Islamabad under the chairmanship of Prime Minister Shehbaz Sharif.
In the FATF scandal, the cabinet paid tribute to the Pakistan Army and relevant ministries and officials. Prime Minister Shehbaz stated that we were able to exit the international financial watchdog’s grey list due to the collaborative efforts of all institutions.
The cabinet also congratulated the foreign, industries, and finance ministries on the import of Indonesian palm oil.
Foreign Minister Bilawal Bhutto Zardari emphasized the importance of making important decisions together in order to alleviate public suffering.
Miftah Ismail, Finance Minister, briefed the cabinet on the economic situation. He responded to questions about IMF talks, POL prices in the international market, and taxes.
The agenda items were approved by the cabinet.
According to sources, the federal cabinet has postponed the Rs7.99/unit increase in basic power tariff.
The cabinet was supposed to deliberate on approving the decisions of the Economic Coordination Committee. However, the agenda item approving the ECC’s June 13 decisions was dropped.
The ECC’s June 13 decisions also included a proposal to raise the basic electricity tariff.
