ISLAMABAD, Jan 31 (NNN-APP) – Pakistani PM, Shehbaz Sharif, yesterday, announced cuts in industrial power tariffs and export financing rates to support industry and trade. Addressing exporters and business leaders, Sharif said, electricity tariffs for industries have been reduced by 4.04 Pakistani rupees per unit, while wheeling charges were cut by nine rupees per kilowatt-hour, to facilitate power sales to nearby industrial units. He also announced a 300-basis-point reduction, in the export refinance rate to 4.5 percent, to lower financing costs for exporters. Sharif said, the measures aim to achieve sustained growth, amid efforts to boost exports and attract investment. […]

Investing.com -- Sri Lanka plans to increase household electricity tariffs by 15% as part of efforts to secure the next payment from its $2.9 billion International Monetary Fund program. The Public Utilities Commission of Sri Lanka announced Wednesday that the revised tariffs will take effect from midnight. Industries will face a larger increase of 20.5% in their power costs, according to K.P.L. Chandralal, chairman of the regulatory body. The tourism sector, which is a key foreign exchange earner for the island nation, will see power prices rise by 20.2%. This tariff adjustment represents an important step in Sri Lanka’s ongoing efforts to meet the requirements for continued financial support from the IMF under its $2.9 billion assistance program. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. Which stock should you buy in your very next trade? AI computing powers are changing the stock market. Investing.com's ProPicks AI includes 6 winning stock portfolios chosen by our advanced AI. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. Which stock will be the next to soar?

A report from Bank of America (BofA) highlighted a growing focus on Taiwan’s fiscal policy among international investors. The discussions revolve around the island’s unique financial situation characterized by robust revenue streams contrasted with a constricted budget. This fiscal paradox has led the Taiwanese government to increasingly rely on special budgets, as evidenced by the recent unveiling of a NT$410 billion relief package, which equates to 1.6% of the nation’s Gross Domestic Product (GDP). The analysis by BofA points out that while the Taiwanese cabinet has approved a relief package, the potential for large-scale economic stimulus remains limited unless the situation with tariffs intensifies. This cautionary stance reflects a measured approach to fiscal expansion in light of current economic conditions. Regarding the energy sector, BofA projects that power tariffs in Taiwan are expected to hold steady in 2025, supported by subsidies and a decline in energy prices. However, the firm anticipates that from 2026 onwards, there will be incremental increases in power prices. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.