Economic Review

Quarterly journal provides articles, index and abstracts on financial institutions and markets, economic forecasting, macroeconomics, monetary policy, payment systems and international and regional economics.

Articles from Vol. 41, No. 6-7, June-July

Attock Refinery Limited Great Heritage Greater Vision
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 products,...
Balochistan Unveils Rs.152 Billion Budget
The PPP-led Balochistan coalition government presented Rs152.017 billion tax-free budget with deficit of Rs7.10 billion for the fiscal year 2010-11. "The budget envisages development programme of Rs26.75 billion including Rs3.916 billion of foreign...
CM Announced RS.422 BN Sindh Budget 2010-11
Chief Minister Sindh, Syed Qaim Ali Shah, who also holds the Finance portfolio, announced the Sindh budget amidst much applause from the Treasury benches. If this was a strategy to forestall the possibility of any criticism, the strategy worked to...
Economic Survey: Assessment without a Spin
Economic Survey for the year 2009-10 released by the Finance Division, Government of Pakistan on 4th June contains no surprises. It merely reconfirms the fact, already known to the majority of economic analysts, that economy of the country has shown...
Electricity Installed Capacity by Type
ELECTRICITY INSTALLED CAPACITY BY TYPE 95-96 12,969 96-97 14,818 97-98 15,658 98-99 15,662 99-00 17,399 00-01 17,498 00-02 17,799 02-03 17,798 03-04 19,257 04-05 19,384 05-06 19,450 06-07 19,420 07-08 19,420 08-09 19,786 Note: Table made...
Fresh Laws Needed to Curb Electricity Theft
The energy sector in Pakistan has long been facing the gigantic problem of electricity theft. Theft is not only a major reason for load-shedding, but the financial loss occurring from theft also does not allow electricity companies to improve upon...
Gilgit-Baltistan Announces 13 MN Maiden Budget 2010
Rupees.12,984.001 million Gilgit-Baltistan budget for the fiscal year 2010-11 was presented on June 24th, 2010. Finance Minister Muhammad Ali Akhtar presented the budget in the Gilgit-Baltistan Legislative Assembly session, which was chaired by Speaker...
Haste in Oil Pricing Deregulation
Instead of bringing in transparency in the system for a fair cost recovery, the ministry of petroleum and natural resources is in a hurry to deregulate oil pricing, though it collects more than 20 per cent of its total tax revenue from oil business....
Khyber Pakhtunkhwa Unveils Rs294.2 Billion Budget
Khyber Pakhtunkhwa Minister for Finance Mohammad Humayun Khan unveiled Rs294.2 billion budget for financial year 2010-11 showing an increase of 40 percent over the current financial year. Both receipts and expenditures have been estimated at Rs294.2...
Leader's in Industry
THE FOLLOWING PAGES INCLUDE LIFE SKETCHES OF CHAIRMAN, MANAGING DIRECTORS AND EXECUTIVES RESPONSIBLE FOR MANAGING THE AFFAIRS OF TOP RATED COMPANIES IN PAKISTAN Mr. A. Rashid Lone Chief Executive Officer/Managing Director, Sui Northen Gas Pipelines...
News Flash
Govt. relaxing rules for import of used cars The federal government is relaxing rules for import of used cars, as talks between Minister for Industries and Production Mir hazar Khan Bijrani and local cars manufacturers did not yield desired results....
Oil & Gas Scenario
THAR COAL RESERVES/RESOURCES AS ON JUNE 30, 2009 Reserves/Resources (Million Tonnes) Specific Block/Field Area Drill Holes Measured Indicated ...
Pakistan Cables Limited
Pakistan Cables, the country's oldest and most reputable cable manufacturer, was established over 5 decades ago in 1953 under the sponsorship of BICC, UK and the Chinoy family. In the subsequent five decades, Pakistan Cables has earned a reputation...
Pakistan Energy Outlook
During financial year 2008-09, primary commercial energy supplies witnessed a decrease by 0.6% to 62.6 million tonnes of oil equivalent (mtoe) from 62.9 mtoe in 2007-08. Increase in the supplies came from oil (0.9 mtoe), natural gas (0.4 mtoe) and...
Pakistan "Mashal" LNG Project the Progress So Far!
Pakistan has formulated a comprehensive 25-year energy plan wherein the country's indigenous natural gas resources are insufficient and unlikely to meet the increasing demand for gas beyond 2010. The solution lies in importing natural gas through transnational...
Renewable Energy in Pakistan
Energy has always been a vital and indispensable input in any economy. It functions as blood stream in production, a fuel for transportation and power source in electricity generation. he population of Pakistan is growing at an alarming rate and the...
Rs. 3.259 Trillion Deficit Budget Announced
The government announced a consolidated budget outlay of Rs3.259 trillion for next fiscal year, with 4 percent budget deficit, and what the Federal Finance Minister was careful to refer to as deferring the reforms of GST, understood by the galleries...
RS.54 Billion City District Government Karachi (CDGK) Budget 2010
CDGK Finance and Planning Executive District Officer Naila Wajid presented the budget books and relevant documents to Rehman, which he approved in the form of a Council Resolution. He said the budget allocations for different sectors were made on...
RS.580 BN Punjab Budget Presented
The Punjab government has allocated Rs14,500 million for health sector in Punjab budget for the year 2010-11 against Rs12,025 million set aside for the year 2009-10. In addition to this, Rs1500 million has also been allocated for the establishment...
Siemens - Answers Covering the Entire Energy Conversion Chain
Siemens Pakistan Engineering Company Ltd., was founded in 1953 as a private limited company, and was converted into a public limited company in 1963. Company has the state-of-the-art 93-acre industrial complex comprising manufacturing facilities for...
State Bank's Assessment of the Economy
The third quarterly report for the year 2009-10, released by the State Bank on 1st June, 2010, depicts, more or less, an encouraging picture about the key indicators of the economy except the fiscal balance, which continues to be a source of major...
Thwarting Pakistan Economic Outlook
With the growing macroeconomic imbalances, the issue of debt sustainability in Pakistan has become a vital aspect of government stabilization policy. Historically, Pakistan economy ably absorbed domestic or international economic shocks and maintained...
Unemployment Reached Highest Level on Record in 2009
The number of jobless worldwide reached nearly 212 million in 2009 following an unprecedented increase of 34 million compared to 2007, on the eve of the global crisis, the ILO said in its annual Global Employment Trends report published in January....