Latest news with #Rs450
Express Tribune
4 days ago
- Business
- Express Tribune
K-P to unveil FY25-26 budget on June 13
The Khyber-Pakhtunkhwa government will table the FY 2025-26 budget on June 13. Chief Minister Ali Amin Gandapur greenlighted the summary sent by the finance ministry and approved the date for budget presentation. Instead of finance advisor Muzamil Aslam, Minister for Law Aftab Alam will unveil the budget as Aslam is not a member of the house. Alam had also presented the budget for the current financial year. Sources said the total outlay of the K-P budget for the next fiscal year is likely to be pegged at Rs2,000 billion. Around Rs450 to Rs500 billion are likely to be earmarked for development projects. It is pertinent to mention that the total volume of the current fiscal year was fixed at Rs1751 billion, with Rs420 billion set aside for ADP. The K-P government is preparing for a Rs180 billion surplus budget for the next fiscal. Interestingly, the K-P government had broken the parliamentary tradition last year and presented a surplus budget for FY 2024-25 in the provincial assembly, even before the announcement of the federal budget, a move unprecedented in the country's history. Finance Minister Aftab Alam unveiled the Rs1,754 billion budget for fiscal 2024-25 [July-June], boasting a surplus of Rs100 billion.
Business Recorder
7 days ago
- Business
- Business Recorder
Prices of majority of kitchen items show downward trend
ISLAMABAD: The prices of majority of essential kitchen items witnessed a downward trend during the week past as compared to the previous week, revealed a survey carried out by Business Recorder, here on Saturday. Traders and wholesalers in different markets of the twin cities told Business Recorder that decrease was observed in the prices of some kitchen items including chicken, onions, garlic, potatoes, pulse masoor, cooking oil and vegetable ghee during the last week as compared to the preceding week. The survey observed increase in the prices of tomatoes, eggs and pulse moong. The survey observed a decrease in chicken prices from Rs16,800 to Rs16,500 per 40kg in the wholesale market, which in retail is being sold at Rs445-440 against Rs450 per kg and chicken meat price down from Rs700 to Rs680 per kg. Eggs' price went up from Rs8,000 to Rs8,200 per carton of 30 dozen which in retail is being sold in the range of Rs300-310 against Rs290-300 per dozen. Sugar price went up from Rs8,550 to Rs8,600 per 50 kg bag in the wholesale market, while in retail it is being sold at Rs178-182 per kg. Wheat flour prices remained stable as the best quality wheat flour ex-mill per 15kg bag is available at Rs1,100 which in retail is being sold at Rs1,150 per 15kg bag and normal quality wheat flour per 15kg bag is available at Rs1,020 which in retail is being sold at Rs1,070 per bag. Pulses prices witnessed mixed trend as maash pulse price is available at Rs440 per kg, gram pulse at Rs300 per kg, whole gram pulse at Rs270 per kg, various varieties of bean lentils in the range of Rs450-550 per kg, moong price at Rs400 per kg, and masoor pulse at Rs280 per kg. The prices of the various varieties of rice remained stable as the best quality basmati in wholesale market is available at Rs12,800 per 40kg bag, which in retail is being sold at Rs350 per kg, normal quality Basmati at Rs11,000 per 40 kg bag, which in retail is being sold at Rs310 per kg, and broken Basmati at Rs8,500 per 40kg bag, which in retail is being sold at Rs235 per kg. Ghee/cooking oil prices witnessed decline as B-grade ghee/oil is available at Rs5,900 per carton of 16 packs in the wholesale market, which in retail is being sold at Rs450 per pack of 900 grams, while best quality cooking oil/ghee brands ghee price were available at Rs2,700 per 5kg tin and cooking at Rs2,700 per 5-litre bottle. Prices of packed milk brands such as Milk Pak and Olpers in the wholesale market remained stable at Rs2,250 per carton while in retail 250ml packed milk is being sold at Rs90. The vegetable and fruit prices witnessed a declining trend as potatoes in wholesales market are available at Rs1,800-3,200 per quintal, while in retail potatoes are being sold in the range of Rs40-50 per kg; onion price in wholesales market went down from Rs1,700-3,000 to 1,500-2,900 per quintal, in retail onions are being sold in the range of Rs40-45 against Rs45-50 per kg and tomato price went up, which in retail are being sold in the range of Rs50-60 against Rs40-50 per kg. China garlic price went down from Rs1,150 to Rs1,050 per 5kg in the wholesale market which in retail is being sold in the range of Rs280-300 against Rs300-320 per kg. Fruit prices witnessed a mixed trend as various types of local apples are available in the range of Rs150-400 against Rs130-350 per kg, bananas prices went up from Rs90-220 to Rs100-250 per dozen. Various varieties of melons are being sold in the range of Rs40-80 against Rs40-100 per kg. Copyright Business Recorder, 2025
Time of India
22-05-2025
- Business
- Time of India
Min Samant assures infra push, steady power supply in city's industrial corridors
Pune: Maharashtra industries minister Uday Samant on Thursday said the govt is working on to resolve power supply issues, infrastructural challenges and security problems in industrial and technology hubs in the city. Samant, while talking during a meeting with industries representatives on Thursday, directed the power utility to immediately formulate a solution to rectify frequent power related issues during the monsoon. In an elaborated post on social media platform X, Samant directed the Maharashtra State Electricity Distribution Company Limited (MSEDCL) to initiate works of up to Rs1,000 crore in Chakan, Pimpri Chinchwad, Talegaon industrial areas and the IT park in Hinjewadi. The govt has issued work orders worth Rs450 crore to solve the power supply problem by the next year. The tender process for projects of up to Rs650 crore was under way, he wrote. For the Chakan industrial area, he said the work on roads from Nashik Phata to Khed junction and Talegaon-Chakan-Shikrapur would start in Feb on a build-operate-transfer (BOT) basis. The govt has also facilitated the allocation of eight acres of land for a 350-bed super speciality hospital for workers and restrooms for women workers. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trade Bitcoin & Ethereum – No Wallet Needed! IC Markets Start Now Undo He directed the Maharashtra Industrial Development Corporation (MIDC) officials to conduct a survey to gauge availability of land for MSMEs as a separate cluster. "The plan is to accommodate 1,000 to 1,200 MSMEs at a single place as a cluster in each MIDC. Industries seeking land in such a cluster will have to follow the process, but they will be allotted the required land by MIDC. A decision will be taken after discussing the matter with the chief minister, deputy chief minister and the guardian minister," Samant said. For improving traffic flow and reduce accident, he said the police department would be issued three cranes in addition to premises for a new police station. He added that the govt will install 350 to 400 CCTV cameras in the Chakan industrial area for improved security, especially for workers returning from late shifts. Samant also issued survey orders for two to three new terminals in Chakan for robust logistics movement. The MIDC approved a road widening project worth Rs 762 crore in Hinjewadi. The work is expected to start in three to four months through the Pune Metropolitan Region Development Authority (PMRDA), Samant said.
Express Tribune
18-05-2025
- Business
- Express Tribune
Fuel, power prices set to rise as Pakistan commits to IMF conditions
Government has assured the International Monetary Fund (IMF) of sweeping economic reforms ahead of its 2025–26 federal budget, including hikes in fuel, electricity, and gas prices, officials said, a move likely to place additional financial strain on the population. The government plans to implement a series of fiscal measures starting July 1 aimed at reducing the fiscal deficit and addressing the country's mounting energy-sector debt. These measures include additional levies on petroleum products, a new debt service surcharge on electricity bills, and adjustments to gas tariffs. Electricity prices will be rebased annually beginning July 2025, while gas prices are expected to be adjusted twice — first in July 2025 and again in February 2026. Read more: IMF slaps 11 new conditions on Pakistan Sources said the federal government has committed to imposing a carbon levy of Rs5 per litre on petrol and diesel. Provincial governments are not expected to offer any subsidies on electricity or gas under the new policy framework. To address the growing circular debt in the energy sector, the government will borrow Rs1.25 trillion from commercial banks. The loan will be repaid by electricity consumers over six years through a 10 per cent surcharge on power bills. The government will retain the authority to increase this surcharge if required. The IMF has also been assured of a gradual reduction in electricity subsidies as Pakistan targets bringing its circular debt to zero by 2031. Sources further said the National Electric Power Regulatory Authority (NEPRA) will continue quarterly tariff adjustments and enforce timely fuel cost adjustments. Only targeted subsidies will be provided, and the gap between base tariffs and actual revenue will be narrowed. Read more: Pakistan identifies six new trade corridors The updated Circular Debt Management Plan is expected to be approved by the cabinet in July. While the energy sector saw gains of Rs450 billion in the first half of the current fiscal year, overall debt levels remain high. As of January 2025, electricity circular debt had reached Rs2.44 trillion, while gas circular debt was recorded at Rs2.29 trillion by June 2024. Efforts to reduce the debt burden include ongoing negotiations with Independent Power Producers (IPPs), with Rs348 billion in payments expected to be cleared by June. Officials say improved cost recovery will be key to stabilising energy prices in the long term.
Express Tribune
13-05-2025
- Business
- Express Tribune
Broiler price shoots up again
The price of chicken has increased immensely again in the twin cities of Rawalpindi and Islamabad due to which the citizens have expressed worry. The price of chicken has increased by Rs50 per kg in one day and it is expected to increase further. No official mechanism to fix the price of chicken in the twin cities has been established until now. The price that is fixed by wholesale chicken dealers cannot even be challenged by Deputy Commissioner Price Control Committee. Chicken prices have skyrocketed in recent times. The price of chicken has been increased in the open market. Live chicken is being sold at Rs450 per kg in the city and Rs465 per kg in the suburbs, while raw chicken is being sold at Rs750 per kg in the city and Rs770 per kg in the suburbs. Vice President of Chicken Retailers Association Shafiq Abbasi said that there has been a 45 per cent decrease in the supply of chicken today. If this decrease increases or remains the same, then the price of chicken is expected to increase further from Wednesday (today) onwards. The skyrocketing prices of chicken have also left citizens helpless. Citizens Hafiz Sajid, Naveed Khan and Sudhir Butt said that the rising inflation in the country is showing no signs of stopping. Along with beef and mutton, chicken has also become out of reach of the middle class.
