subsidies

Aurangzeb says lender wants targeted steps to be increased

Energy ministry demands 26% higher allocation despite massive rise in tariffs

Plan will increase burden on consumers using over 400 units by 41% or Rs22 billion

Out of Rs900b subsidies, govt pays only Rs327b, recovers rest from consumers

Subsidisation of inefficiency fosters rent-seeking behaviour, impedes capital flow into efficient sectors such as IT

Cheaper indigenous gas diverted to captive plants while subsidies balloon

Chaired by finance minister, committee will develop plan in two weeks

Amount 70% higher than this year’s revised budget aimed at curbing debt

USC further increases rates of essential commodities

Company committed fraud under govt scheme to provide farmers subsidies