Tag: fiscal

PSO posts 8 per cent growth last fiscal year

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article image STAFF REPORT ISB: Pakistan State Oil, the largest oil marketing company in the country, has registered a revenue growth of eight per cent year on year on the back of better volumetric sales and better product margins. This has been mainly due to the increasing demand by the power sector and the ongoing CNG curtailment in the country, furnace oil sales and motor gasoline (petrol) volumes increased by eight to ten per cent coupled with inventory gains during the 1H FY14 supported the…Read More

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LSM posts 3.95 per cent growth last fiscal

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article image STAFF REPORT ISB: The large scale manufacturing (LSM) sector in Pakistan posted a growth of 3.95 per cent in last fiscal 2013-14 over its preceding year, shows statistics released by the Pakistan Bureau of Statistics (PBS). According to the data, the Quantum Index Number (QIM) of LSM industries stood at 121.66 points last fiscal as compared to 117.04 points of the preceding year showing 3.95 per cent increase. The LSM sector performance overall was satisfactory during the…Read More

| 395 | cent | fiscal | growth | LSM | posts

Water resources allocation may down next fiscal year

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article image STAFF REPORT IBD: Funds for developing the all-important water resources have shrunk to about 13 per cent of total development budget for 2012-13 and this comes at a time when the country is going to enter the ranks of water-scarce countries with a significant gap between demand and supply.According to statistics, over the past five years, allocation for water resources has remained between 16 per cent and 20 per cent of the development budget, but for upcoming fiscal year 2012-13 the allocation…Read More

3G licences sale to bridge fiscal deficit: SBP

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article image STAFF REPORT KHI: The State Bank of Pakistan has said that without the sale of 3G licences (around Rs 150 billion) the government won’t be able in a position to contain fiscal deficit."The budget deficit for the first quarter of 2011-12 was 1.2 per cent of GDP, compared with 1.5 per cent during the same quarter last year," the central bank revealed in its quarterly report.It said that this reduction in the budget deficit was caused primarily by 29.7 per cent growth in FBR revenues,…Read More