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Three options strategy for next budget

Source: Ary news | 02-02-2013

Implementing over the task given by a high profile government official, Finance Ministry has started preparing three options strategy regarding who will prepare and present next fiscal budget.

Sources said that high officials of finance ministry reviewed the three options. Final strategy being prepared to forward prime minister and federal finance minister.Out of the three options, option number one is incumbent government make next fiscal budget and next federal government would present the budget.

Second option is caretaker goverment make and present the budget, while thrid option is caretaker government make budget for three months and leave remaining nine months for next ruling government.The sources said that next fiscal budget was expected on June 4.

'Power generation to be increased by 5,000 MW next month'

Source: The News | 26-03-2013

Federal Water and Power Secretary Rao Sikandar has said that power generation would be increased by 5,000 MW next month. Sikhandar further said that the government would bear the additional costs of the electricity generated from expensive furnace oil. Read more

Mergers & acquisitions: Attock Petroleum bids to acquire Chevron Pakistan

Source: Tribune | 09-04-2013

After months of speculation that it would do so, Attock Petroleum – Pakistan’s third largest oil marketing company – has announced a bid to acquire Chevron Pakistan, the fourth largest oil retailer in the country. The announcement came through a letter send to the Karachi Stock Exchange on Monday, indicating that, after having conducted ..... Read more

Ship carrying iron ore for PSM arrives

Source: The Nation | 22-02-2013

A ship carrying 55,000 metric tons of iron ore for Pakistan Steel reached Port Qasim Pakistan Steel Jetty from Australia. The unloading of iron ore has been started through 4.2 km conveyer belt from Port Qasim Jetty to Pakistan Steel raw material stockyard. PSM opened LC of $8.3 million to M/S Cargill International for this ship, which arrived on Thursday ..... Read more

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