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    January 25 , 2024 (PR No. 234)

    ECC Approves Upward Revision in Gas Tariff for Industry, Rejects Hike for Domestic Sector

    The Economic Coordination Committee (ECC) of the Cabinet met today to discuss a summary submitted by Petroleum Division for an upward revision of the indigenous gas tariff for industry (captive power) as well as non-protected domestic slabs.

    The meeting was chaired by Federal Minister for Finance Senator Muhammad Aurangzeb with Federal Minister for Petroleum Mr. Musadik Masood Malik, Minister for Power Sardar Awais Ahmed Khan Leghari, Minister of State for Finance and Revenue Mr. Ali Parvez Malik, Chairman OGRA, Chairman SECP, Federal Secretaries, and senior officers from the relevant divisions in attendance.

    The ECC following a through discussion decided to approve upward revision in gas tariff for captive power plants from Rs 3000 per mmbtu to Rs 3500 per mmbtu to ensure required revenue for the gas sector during FY 2024-25, but it did not agree to increase the tariff for domestic consumers with a view to protecting the domestic consumers from additional burden. The ECC, however, instructed the Petroleum Division to take necessary measures for the imposition of a grid transition levy on the captive power plants to enhance the energy sector efficiency.

     
    January 24 , 2024 (PR No. 233)

    Cabinet Committee on Rightsizing Holds Meeting on Key Presentations

    A meeting of the Cabinet Committee on Rightsizing of the Federal Government was held today, chaired virtually by Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, from Davos, Switzerland.

    The meeting featured detailed presentations from both the Revenue Division and the Ministry of Poverty Alleviation & Social Safety regarding their mandates, organizational structures, budget allocations, expenditures, and t

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    Bangladesh

    Country in South Asia

    This article is about the country. For other uses, see Bangladesh (disambiguation).

    People's Republic of Bangladesh

    গণপ্রজাতন্ত্রী বাংলাদেশ (Bengali)
    Gôṇôprôjātôntrī Bāṅglādēśh

    Anthem: আমার সোনার বাংলা (Bengali)
    Amar Sonar Bangla
    "My Golden Bengal"
    Government Seal
    Show globe
    Show map of Bangladesh
    Capital

    and largest city

    Dhaka
    23°45′50″N90°23′20″E / 23.76389°N 90.38889°E / 23.76389; 90.38889
    Official language
    and national language
    Bengali
    Recognised foreign languageEnglish
    Ethnic groups

    (2022 census)

    99% Bengali
    Religion

    (2022 census)

    Demonym(s)Bangladeshi
    GovernmentUnitary parliamentary republic under an interim government

    • President

    Mohammed Shahabuddin

    • Chief Adviser

    Muhammad Yunus

    • Chief Justice

    Syed Refaat Ahmed

    • Army Chief

    Waker-Uz-Zaman
    LegislatureJatiya Sangsad (Currently dissolved)

    • East Bengal

    15 August 1947

    • East Pakistan

    14 October 1955

    • Proclamation of independence from Pakistan

    26 March 1971

    • Victory

    16 December 1971

    • Current constitution

    16 December 1972

    • Total

    148,460 km (57,320 sq mi) (92nd)

    • Water (%)

    6.4

    • Land area

    130,170 km

    • Water area

    18,290 km

    • 2025 estimate

    174,655,977 (8th)

    • 2022 census

    169,828,911 (8th)

    • Density

    1,165/km (3,017.3/sq mi) (13th)
    GDP (PPP)2025 estimate

    • Total

    $1.801 trillion (24th)

    • Per capita

    $10,367 (126th)
    GDP (nominal)2025 estimate

    • Total

    $481.86 billion

    .

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