Economic Review articles from June 2008

Economic Review archives from June 2008

Federal government announces Rs.2.01trn, budget: slashes subsidies, increases salaries.(FEDERAL BUDGET 2008-09)
June 1, 2008... The National Assembly passed the Finance Bill 2008 approving the federal budget for the financial year 2008-09, with a total outlay of Rs.2010 billion. The House passed the 27 clauses Money Bill with amendments proposed by the government in...

Punjab budget for the year 2008-09.(PROVINCIAL BUDGET 2008-09)
June 1, 2008... Tanvir Ashraf Kaira, the Punjab Finance Minister, presented the provincial budget for fiscal year 2008-09 that can be seen as a sequel to the promises made by Chief Minister Shahbaz Sharif that the budget would be 'people friendly' .and...

Rs. 267.764 bn. for Sindh budget.(PROVINCIAL BUDGET 2008-09)
June 1, 2008... The Rs.267.764 billion Sindh budget for the fiscal year 2008-09, presented by Chief Minister Qaim Ali Shah in the Sindh Assembly on Monday, shows a revenue deficit of Rs.14.019 billion, total outlay of around Rs.33.274 billion higher than the...

Rs. 345.561 million NWFP's surplus budget.(PROVINCIAL BUDGET 2008-09)
June 1, 2008... NWFP Finance Minister Mohammad Humayun Khan on Monday presented a tax-free budget of Rs.107.904 billion containing a surplus of Rs.345.561 million for the coming financial year. The minister also announced a 20 percent increase in the basic...

The Baluchistan budget.(PROVINCIAL BUDGET 2008-09)
June 1, 2008... The first budget (Rs.71.19 billion for financial year 2008-09) of the new coalition government of Balochistan presented by Finance Minister Asim Kurd Gailu, was also the province's first tax-free budget though punctuated by a deficit of Rs.8.80...

Rs37.1bn CDGK budget approved.(BUDGET 2008-09)
June 1, 2008... A total budget of Rs37,142.62 million for the City District Government Karachi (CDGK) for the 2008-09 fiscal year was approved by a majority in the City Council on Saturday amidst a walkout by the opposition. The budget focuses on social...

Oil price rise & implications for Pakistan.
June 1, 2008... Pakistanis have been particularly vociferous in holding the government accountable for the oil price rise in recent months. Not surprisingly, the politicians have been embroiled in a blame game made all the more credible because of the fact...

Where will money come from to finance the new budget?
June 1, 2008... Concerns about inadequate resources to plug the budget gap continue to occupy our economic managers during the budget month - June. There have already been two extensions to the date of the budget announcement - from June 7 to June 10 and, more...

Rising power tariff.
June 1, 2008... AMID unprecedented power shortage in hot and humid summer, the consumers would have to brave a huge rise in electricity rates very soon. There will be no exception. Industry, business, agriculture, commercial and household including lifeline...

Cost and benefit of oil subsidy.
June 1, 2008... FUEL prices in Pakistan are heavily subsidized. Oil is bought at international market prices and sold within the country at a lower fixed price. The intention is to shield the domestic prices from the volatility of international oil market. ...

Towards bio-diesel.
June 1, 2008... AT a time when bio-fuels have suddenly become the new villains of the food crisis and being discouraged the world over, Pakistan is thinking in terms of using these as an alternate energy source. The state-run Pakistan State Oil, which...

New budget to fuel inflation.
June 1, 2008... A Disturbing feature of the budget 2008-09 is the double-digit target of 12 percent set for inflation. Although inflation has emerged as a risk to the economy since 2004-05, such a high level of inflation has not been targeted in the budget or...

An overview on Pakisatn's fuel & energy consumption.
June 1, 2008... INTRODUCTION The primary commercial energy supplies increased by 4.3% during 2006-07 to 60.4 million tonnes of oil equivalent (mtoe) from 57.9 mtoe in 2005-06. The growth rate has improved slightly from 4.2% during 2005-06. The share of...

Who's who in oil & gas sector in Pakistan: the following pages include life sketches of chairmen, managing directors and executives responsible for managing the affairs of top rated companies in Pakistan.
June 1, 2008... Mr. Muhammad Abdul Aleem is the Managing Director of Pakistan State Oil Company Limited. He is a Fellow Chartered Accountant (Gold Medalist) and a Fellow Cost and Management Accountant by profession. Mr. Aleem has attended numerous professional...

Pakistan State Oil: corporate leadership par excellence.(COMPANY PROFILE)(Company overview)
June 1, 2008... Pakistan is a country of approximately 160 million people, who speak different languages, follow vastly diverse cultures and live in incredibly varied terrains. In such a heterogeneous society, delivering oil products to the farthest corners of...

Shell Pakistan Limited.(COMPANY PROFILE)(Company overview)
June 1, 2008... SHELL IN PAKISTAN Shell is a superior brand name with a 100-year history in this region. Shell in Pakistan has played a leading role in abridging the growing energy demand gap in Pakistan and is represented in all aspects of the...

Kuwait Petroleum Corporation.(COMPANY PROFILE)(Company overview)(Brief article)
June 1, 2008... Kuwait Petroleum Corporation (KPC) is a corporation of economic character, run on a commercial basis and fully owned by the State. It is one of the world's major oil & gas companies and its activities are focused on petroleum exploration and...

Millat Tractors Limited.(COMPANY PROFILE)(Company overview)
June 1, 2008... In the history of Pakistan's Engineering Sector, Millat Tractors Limited (MTL) holds a distinctive and unique position. This has been the result of the Company's unwavered commitment and determination spanning over a period of over 40 years...

Attock Refinery Limited.(COMPANY PROFILE)
June 1, 2008... Introduction Attock Refinery Limited (ARL) is a member of the Attock Group of Companies, the only fully integrated group covering all segments of oil and gas industry from exploration, production and refining to marketing of petroleum...

Pakistan Petroleum Limited: leading the way.(COMPANY PROFILE)(Company overview)
June 1, 2008... PPL - leading the way Pakistan Petroleum Ltd (PPL), the pioneer of natural gas industry in the country, has been a frontline player of exploration and production sector for well over five decades now. From the landmark discovery of the...

Fixing coal-based power tariff.
June 1, 2008... THE National Electric Power Regulatory Authority (Nepra) has announced recently an indicative levelised tariff for domestic coal-based power generation on a directive of the Economic Coordination Committee (ECC) of the Cabinet. The...

Mounting pressure for gas tariff cut.
June 1, 2008... The meeting of the ministers' committee held at Islamabad last Thursday brought cheers to the textile tycoons as it agreed to review the 68 per cent increase in gas prices for the captive power plants. But the disappointed owners of small and...

Oil price: hype and reality.
June 1, 2008... EVER since the international oil prices started their journey to often set records almost daily basis, policy makers and oil business have accepted it as a God-sent opportunity. While the consumers. are severely hit by surging oil prices and...

News flash.(Pakistan to decrease its oil subsidies )(The National Assembly informa to construct new highways)(food industry to hold summit to rise of food prices)
June 1, 2008... Karachi-Europe direct container service launched The United Marine Agencies (UMA) on Saturday launched a new direct container service with cooperation of 'Hamburg Sud' between Karachi Port and Europe to cater to the ever-increasing demand...