EU probes Chinese-owned solar panel firms over subsidies
- 03-Apr-2024
BRUSSELS: The European Union on Wednesday announced investigations against two Chinese-owned solar panel manufacturers suspected of receiving subsidies that Brussels worries are undercutting the bloc’s firms. The probes are under new rules that came into force in July last year which seek to prevent foreign subsidies undermining fair competition in the 27-nation EU. “The (European) […]
US to announce billions in subsidies for advanced chips -WSJ
- 28-Jan-2024
President Joe Biden’s administration is expected to award billions of dollars in subsidies in coming weeks to top semiconductor companies including Intel (INTC.O), opens new tab and Taiwan Semiconductor Manufacturing Co (2330.TW), opens new tab to help build new factories in the US, the Wall Street Journal reported on Saturday. The forthcoming announcements aim to […]
Caretaker finance minister rules out ‘more subsidies’ in IMF agreements
- 30-Aug-2023
ISLAMABAD: Caretaker Finance Minister Dr Shamshad Akhtar on Wednesday ruled out room for additional subsidies within the International Monetary Fund (IMF) agreements, ARY News reported. Talking to journalists in Islamabad, the finance minister conveyed the government’s sensitivity toward the welfare of the country’s poor, saying that they would prevent any exacerbation of hardships faced by […]
IMF staff to talk with Pakistan over targeted subsidies: Esther Pérez Ruiz
- 28-Nov-2022
International Monetary Fund (IMF) resident representative Esther Pérez Ruiz has said that they want to discuss targeted subsidies for deserving classes in their 9th review under the EFF, ARY News reported. Talking to ARY News the IMF representative said that as part of the 9th review under the EFF, remote discussions continue between IMF staff […]
IMF delegation to arrive in Pakistan on May 10: sources
- 07-May-2022
ISLAMABAD: A delegation of the International Monetary Fund (IMF) will arrive in Pakistan on May 10 to hold decisive talks with the federal government, citing sources, ARY News reported on Saturday. The global financial institution’s delegation will stay in Pakistan for 10 days to hold talks with the Pakistani officials. Sources told ARY News that […]
China-built Tesla cars recommended for subsidies
- 06-Dec-2019
Industry ministry has placed Chinese-built Tesla Model 3 cars on a list of vehicles recommended to receive subsidies for new energy vehicles
Subsidies given on different items were legal, as per law: CM Murad
- 25-Dec-2018
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 […]
Kuwait plans to end subsidies by 2020
- 31-Oct-2016
The Gulf state of Kuwait, under financial stress due to low oil prices, plans to end all forms of public subsidies by 2020, a report published on Monday said.
UAE to scrap fuel subsidies from August
- 22-Jul-2015
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.