Subsidy on wheat, oil products, power cut.

The Nation (Karachi, Pakistan) | June 11, 2008 | Copyright

By IMRAN ALI KUNDI ISLAMABAD, June 11 (THE NATION): The government has earmarked Rs 295 billion for subsidies in the budget 2008-09, bringing it down from Rs 407 billion allocated last year, thus registering the decrease of 28 percent. The subsidy will be extended on POL products, power tariffs, wheat, fertilizers and other main items. The subsidy of the budget estimates 2008-09 is 2.4 per cent of the GDP, which was 1.1 per cent in budget estimate 2007-08 and in revised estimates 2007-08 at 3.9 per cent of GDP. WAPDA will be provided RS 74 billion subsidies in the ...

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