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Subsidies given on different items were legal, as per law: CM Murad 

KARACHI: Chief Minister Sindh Syed Murad Ali Shah on Tuesday said that since 2008-9 the provincial government has been giving subsidies on different items such as tractor, electricity, wheat and sugarcane just to encourage production and consumption. This he said, while talking to media at Mazar-e-Quaid after paying tribute to father of the nation here today. The chief minister said that the JIT report has been submitted in the Supreme Court of Pakistan and added “there are some controversial disclosures in it which…

UAE to scrap fuel subsidies from August

DUBAI: Leading oil producer the United Arab Emirates will scrap subsidies on petrol and diesel from August to cut spending as low crude prices hit revenues, the energy ministry said Wednesday.