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EU probes Chinese-owned solar panel firms over subsidies

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...

US to announce billions in subsidies for advanced chips -WSJ

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...

Caretaker finance minister rules out ‘more subsidies’ in IMF agreements

ISLAMABAD: Caretaker Finance Minister Dr Shamshad Akhtar on Wednesday ruled out room for additional subsidies within the International Monetary Fund (IMF) agreements, ARY News...

IMF staff to talk with Pakistan over targeted subsidies: Esther Pérez Ruiz

International Monetary Fund (IMF) resident representative Esther Pérez Ruiz has said that they want to discuss targeted subsidies for deserving classes in their 9th...

IMF delegation to arrive in Pakistan on May 10: sources

ISLAMABAD: A delegation of the International Monetary Fund (IMF) will arrive in Pakistan on May 10 to hold decisive talks with the federal government,...

China-built Tesla cars recommended for subsidies

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 

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...

Kuwait plans to end subsidies by 2020

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

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.

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