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Pakistan's electricity, fuel, and LPG prices rose between 43 and 68 percent this fiscal year, a UNDP economist warned the National Assembly's Standing Committee on Finance and Revenue on Monday. The panel also criticised the government for missing its own budget-law deadlines and making little progress on reducing the energy sector's ballooning circular debt.
Pakistan's Central Organization of Traders demanded electricity tariff cuts, abolition of the super tax, and a simplified one-page Urdu tax return form ahead of the upcoming federal budget. The demands were presented at a joint press conference in Islamabad by trader leaders from all four provinces, with high energy costs cited as a primary driver of business distress.
Pakistan's value-added leather sector has asked the federal government to reduce high production costs, simplify multi-tier compliance, and rationalise industrial duties in the upcoming budget. Industry representatives met Commerce Minister Jam Kamal Khan in Islamabad on Thursday, flagging that elevated energy and input costs are limiting the sector's export growth.