Balance of Payment Board of Directors Benazir Income Support Program Bin Qasim Power Station Bacillus thuringiensis British Thermal Units

Size: px
Start display at page:

Download "Balance of Payment Board of Directors Benazir Income Support Program Bin Qasim Power Station Bacillus thuringiensis British Thermal Units"

Transcription

1 List of Acronyms A B C D E ADB APCMA BOP BoDs BISP BQPS Bt BTU CAB CAGR CBO CBU CCOR CDNS CEO CGO CNG CPI CPS CPPA CSF CY DAP DBC DISCOs EBA ED EDL EDS EFS EIU EPA ER Asian Development Bank All Pakistan Cement Manufacturers Association Balance of Payment Board of Directors Benazir Income Support Program Bin Qasim Power Station Bacillus thuringiensis British Thermal Units Current Account Balance Compound Annual Growth Rate Congressional Budget Office Completely Built Unit Cabinet Committee on Restructuring Central Directorate of National Savings Chief Executive Officer Customs General Order Compressed Natural Gas Consumer Price Index Credit to Private Sector Central Power Purchase Agency Coalition Support Fund, Cash Settled Futures Calendar Year Di-ammonium Phosphate Dollar Bearer Certificate Distribution Companies Everything but Arms External Debt External Debt and Liability External Debt Servicing Export Finance Scheme Economic Intelligence Unit Economic Partnership Agreements Exchange Rate

2 State Bank of Pakistan Annual Report E&P EU Exploration and Production European Union F FBR Federal Bureau of Revenue FBS Federal Bureau of Statistics FCAs Fuel Charges Adjustments FCA Foreign Currency Account FCBCs Foreign Currency Bearer Certificates FCY Foreign Currency FDI Foreign Direct Investment FE/FX Foreign Exchange FED Federal Excise Duty FE-25 Foreign Exchange Circular No. 25 dated 20th June 1998 FEBC Foreign Exchange Bearer Certificate FEE Foreign Exchange Earnings FESCO Faisalabad Electric Supply Company FMCG Fast Moving Consumer Goods FS Food Security FOB Free on Board FPA Fuel Price Adjustment FRDL Fiscal Responsibility and Debt Limitation Act, 2005 FY Financial/Fiscal Year 102 G H I GCC GDP GENCOs GHC GHI GHPL GNI GoP GSP GWh H1 HESCO HIES HSD IDA IDB IDPs IFIs Gulf Cooperation Council Gross Domestic Product Generation Companies GENCO Holding Company Gini Hirschman Index Government Holding Private Ltd Gross National Income Government of Pakistan Generalized System of Preference Giga Watt Hour First Half of the Fiscal Year Hyderabad Electric Supply Company Household Integrated Economic Survey High Speed Diesel International Development Association Islamic Development Bank Internally Displaced Persons International Financial Institutions

3 List of Acronyms K L M N IMF IP IPP KESC KIBOR KPK KWh KW&SB LCD LCVs LDC LESCO LL LCY LNG LPG LSM M2 MEFMI MEPCO MOF MRTBs MT MTB MW NATO NBER NBFIs NDA NEER NEPRA NFA NFC NFDC NFNE NFI NLC NPLs International Monetary Fund Interest Payment/Iran Pakistan Independent Power Producers Karachi Electric Supply Corporation Karachi Inter Bank Offer Rate Khyber Pakhtoonkhawa Kilowatt Hour Karachi Water & Sewerage Board Liquid Crystal Display Light Commercial Vehicles Least Developed Countries Lahore Electric Supply Company Local Loop Local Currency Liquefied Natural Gas Liquid Petroleum Gas Large Scale Manufacturing Money Supply Macroeconomic & Finance Management Institute of Eastern and Southern Africa Multan Electric Power Company Ministry of Finance Market Related Treasury Bills Metric Tonnes Market Treasury Bills Mega Watts North Atlantic Treaty Organization National Bureau of Economic Research Non Bank Financial Institution Net Domestic Asset Nominal Effective Exchange Rate National Electric Power Regulatory Authority Net Foreign Asset National Finance Commission, National Fertilizer Corporation National Fertilizer Development Centre Non Food Non Energy Net Foreign Investment National Logistic Cell Non Performing Loans 103

4 State Bank of Pakistan Annual Report O P Q R NSS NTDC OCAC OECD OGDCL OGRA OICCI OMO OPC O&M PARCO PBS PDL PEMA PEPCO PESCO PIA PIB PKR PMEX POL PPA PPHC PPL PR PRI PSB PSC PSDP PSEs PSM PSLM PSMA PSO PTA PVMA Q2 Q4 QE QESCO RES National Savings Scheme National Transmission and Dispatch Company Oil Companies Advisory Committee Organization for Economic Cooperation and Development Oil and Gas Development Company Ltd Oil & Gas Regulatory Authority Overseas Investor Chamber of Commerce and Industry Open Market Operation Ordinary Portland Cement Operation and Management Pak Arab Refinery Ltd. Pakistan Bureau of Statistics Petroleum Development Levy Pakistan Electronics Manufacturers Association Pakistan Electric Power Company Peshawar Electric Supply Company Pakistan International Airline Pakistan Investment Bond Pakistani Rupee Pakistan Mercantile Exchange Limited Petroleum, Oil and Lubricants Power Purchase Agreement Pakistan Power Holding Company Pakistan Petroleum Limited Pakistan Railway Pakistan Remittance Initiative Private Sector Business Private Sector Credit Public Sector Development Program Public Sector Enterprises Pakistan Steel Mills Pakistan Social and Living Standards Measurement Survey Pakistan Sugar Mills Association Pakistan State Oil Pakistan Telecommunication Authority, Pure Terepthalic Acid Pakistan terepthalic Vanaspati acid Manufacturers Association Second Quarter Fourth Quarter Quantitative Easing Quetta Electric Supply Company Foreign Exchange Reserves

5 S T U W REER RFCA RFO RHS RPI R&D SBA SBI SBP SDRs SEPCO SMEs SNGPL SPS SRC SSC SSGCL SSM STD SUPARCO TAPI T-Bill TCP TDS TED TESCO TFC T&D TOE TV UAE UK UN UNCTAD USA USA/US WAPDA WEO WOM List of Acronyms Real Effective Exchange Rate Resident Foreign Currency Account Residual Fuel Oil Right Hand Side Relative Price Index Research and Development Stand-By Arrangement Sindh Board of Investment State Bank of Pakistan Special Drawing Rights Sukkur Electric Power Company Small and Medium Enterprises Sui Northern Gas Pipelines Limited Sanitary and Phytosanitary Sulphate Resistant Cement Special Saving Certificate Sui Southern Gas Company Limited small-scale Manufacturing Short Term Debt Space and Upper Atmosphere Research Commission Turkmenistan-Afghanistan-Pakistan-India Treasury Bills Trading Corporation of Pakistan Tariff Differential Subsidy Total External Debt Tribal Electric Supply Company Term Finance Certificate Transmission and Distribution Tons of Oil Equivalent Television United Arab Emirates United Kingdom United Nation United Nations Conference on Trade and Development United States of America United States of America Water and Power Development Authority World Economic Outlook Weeks of Imports 105

6 State Bank of Pakistan Annual Report X Y XE YoY Export Earning Year on Year 106

List of Acronyms. BoDs BISP BQPS

List of Acronyms. BoDs BISP BQPS List of Acronyms A ADB APCMA APEDA AIDP-I ARPU Asian Development Bank All Pakistan Cement Manufacturers Association Agricultural and Processed Food Products Export Development Authority Auto Industry Development

More information

List of Acronyms. Branchless Banking

List of Acronyms. Branchless Banking A B C D E ACPL ADB ADP ADF AML APCMA APP ATM BB bbl BEOE BISP BMR BoP BPO bps Brexit BSC CAGR CBU CCAC CD CDNS CPDI CHCC CKD CL CNG CoD CPEC CPI CSF CY DAP DG Khan DGKC DRAP DSC DSL Attock Cement Pakistan

More information

Table 1(a). Pakistan: Quantitative Targets, September 2002 June /

Table 1(a). Pakistan: Quantitative Targets, September 2002 June / Table 1(a). Pakistan: Quantitative Targets, September 2002 June 2003 1/ (Cumulative flows from July 1, 2002, unless otherwise specified) Outstanding Adj. Adj. Stock Prog. Prog. Act. Prog. Prog. Act. Prog.

More information

Inter-provincial Differences in Power Sector Subsidies and Implications for the NFC Award. Umbreen Fatima and Anjum Nasim*

Inter-provincial Differences in Power Sector Subsidies and Implications for the NFC Award. Umbreen Fatima and Anjum Nasim* Inter-provincial Differences in Power Sector Subsidies and Implications for the NFC Award Umbreen Fatima and Anjum Nasim* 1. Introduction Power sector subsidies constituted 83% of the total federal government

More information

5.1 Pakistan's Debt and Liabilities-Summary

5.1 Pakistan's Debt and Liabilities-Summary 5.1 Pakistan's Debt and Liabilities-Summary (End Period Stock) (Billion Rupees) Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 P I. Government Domestic Debt 12,879.6 13,398.1 13,625.9 14,385.8 14,192.6 14,746.0

More information

Document of The World Bank IMPLEMENTATION COMPLETION AND RESULTS REPORT (IDA & IDA-57400) ON A SERIES OF CREDITS

Document of The World Bank IMPLEMENTATION COMPLETION AND RESULTS REPORT (IDA & IDA-57400) ON A SERIES OF CREDITS Public Disclosure Authorized Document of The World Bank Public Disclosure Authorized IMPLEMENTATION COMPLETION AND RESULTS REPORT (IDA-54360 & IDA-57400) ON A Report No: ICR00004110 SERIES OF CREDITS Public

More information

CIRCULAR DEBT IMPACT ON POWER SECTOR INVESTMENT

CIRCULAR DEBT IMPACT ON POWER SECTOR INVESTMENT CIRCULAR DEBT IMPACT ON POWER SECTOR INVESTMENT 1. This note (i) defines the term circular debt which is commonly used in connection with the Pakistan power sector and what the main causes of it are; (ii)

More information

Monetary Policy Information Compendium

Monetary Policy Information Compendium Monetary Policy Information Compendium November 26 Consolidated by Statistics & DWH Department STATE BANK OF PAKISTAN Tables and Graphs Real Sector Growth... Saving and Investment Inflation.. 4 External

More information

OIL AND GAS DEVELOPMENT COMPANY LIMITED CONDENSED INTERIM BALANCE SHEET [UNAUDITED] AS AT 31 DECEMBER 2013

OIL AND GAS DEVELOPMENT COMPANY LIMITED CONDENSED INTERIM BALANCE SHEET [UNAUDITED] AS AT 31 DECEMBER 2013 CONDENSED INTERIM BALANCE SHEET [UNAUDITED] AS AT 31 DECEMBER 2013 31 December 30 June 01 July 31 December 30 June 01 July 2013 2013 2012 2013 2013 2012 Note -------------------------------------- Note

More information

Monetary Policy Information Compendium

Monetary Policy Information Compendium Monetary Policy Information Compendium July 28 Consolidated by Statistics & DWH Department STATE BANK OF PAKISTAN Monetary Policy Information Compendium July 28 Tables and Graphs Real Sector Growth...

More information

Petroleum in the Economy of Pakistan

Petroleum in the Economy of Pakistan Pakistan Oil and Gas Sector Review December 17-18, 2003 Petroleum in the Economy of Pakistan Waqar Haider, Senior Private Sector Development Specialist The World Bank, Islamabad Overall Perspective Significance

More information

Source: Ministryof Finance. Table 5.1: Fiscal Indicators

Source: Ministryof Finance. Table 5.1: Fiscal Indicators 5 Fiscal Policy 5.1 Overview Overall budget deficit in FY14 was 5.5 percent of GDP, compared with 8.2 percent a year earlier. After a number of years of slippages, the budget deficit fell well within the

More information

Power Sector Reform: Second Development Policy Credit Region

Power Sector Reform: Second Development Policy Credit Region Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized PROGRAM INFORMATION DOCUMENT (PID) APPRAISAL STAGE April 2, 2015 Report No.: 99908 (The

More information

Decoding the IMF Program

Decoding the IMF Program Decoding the IMF Program Choose Cautiously; Choose Wisely Friday September 6, 2013 IMF facilities availed since 1988 Facility Date of Amount Amount SDRbn Arrangement Agreed Drawn SBA Nov 24, 2008 7.24

More information

Interprovincial Differences in Power Sector Subsidies and Implications for the NFC Award

Interprovincial Differences in Power Sector Subsidies and Implications for the NFC Award The Pakistan Development Review 52:4 Part I (Winter 2013) pp. 421 436 Interprovincial Differences in Power Sector Subsidies and Implications for the NFC Award UMBREEN FATIMA and ANJUM NASIM 1. INTRODUCTION

More information

FOR OFFICIAL USE ONLY INTERNATIONAL DEVELOPMENT ASSOCIATION PROGRAM DOCUMENT FOR A PROPOSED CREDIT

FOR OFFICIAL USE ONLY INTERNATIONAL DEVELOPMENT ASSOCIATION PROGRAM DOCUMENT FOR A PROPOSED CREDIT Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Document of The World Bank FOR OFFICIAL USE ONLY INTERNATIONAL DEVELOPMENT ASSOCIATION

More information

5 Fiscal Policy. Figure 5.1: Fiscal Deficit - Target and Actual (percent of GDP) Target Actual 10. FY11 FY12 FY13 FY14 FY15 Source: Ministryof Finance

5 Fiscal Policy. Figure 5.1: Fiscal Deficit - Target and Actual (percent of GDP) Target Actual 10. FY11 FY12 FY13 FY14 FY15 Source: Ministryof Finance FY1 FY11 FY12 FY13 FY14 5 Fiscal Policy 5.1 Overview The budget deficit during was 5.3 percent of GDP, which was lower than 5.5 percent witnessed during the last year (Figure 5.1). If compared with the

More information

IPP. Tackling the Energy Crisis. Shahid Kardar. Institute of Public Policy. Policy Brief 17/2015. Beaconhouse National University

IPP. Tackling the Energy Crisis. Shahid Kardar. Institute of Public Policy. Policy Brief 17/2015. Beaconhouse National University IPP Policy Brief 17/2015 Tackling the Energy Crisis Shahid Kardar Institute of Public Policy IPP Policy Brief 03/2014 1 Beaconhouse National University A new government has taken over in Islamabad. It

More information

REPORT FOR THE FIRST QUARTER ENDED SEPTEMBER 30, 2017

REPORT FOR THE FIRST QUARTER ENDED SEPTEMBER 30, 2017 Company Limited PSO House, Khayaban-e-Iqbal, Clifton Karachi-75600, Pakistan. UAN: (+92-21) 111-111-PSO (776) Ta aluq Care Line: 0800-03000 Email: taaluq@psopk.com Fax: (+92-21) 9920-3721 Website: www.psopk.com

More information

Pakistan Development Update

Pakistan Development Update April 2014 Public Disclosure Authorized Pakistan Development Update Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Poverty Reduction and Economic Management, South

More information

Pakistan Development Update April 2015

Pakistan Development Update April 2015 Pakistan Development Update April 2015 Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized A group of Wakhi women comes back from their daily

More information

THE STATE OF PAKISTAN S ECONOMY STATE BANK OF PAKISTAN

THE STATE OF PAKISTAN S ECONOMY STATE BANK OF PAKISTAN ANNUAL REPORT 211 212 THE STATE OF PAKISTAN S ECONOMY STATE BANK OF PAKISTAN This page intentionally left blank. CENTRAL BOARD OF DIRECTORS Mr. Yaseen Anwar Mr. Abdul Wajid Rana Mirza Qamar Beg Ms. Sahar

More information

Pakistan: Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding.

Pakistan: Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding. International Monetary Fund Pakistan and the IMF Press Release: IMF Executive Board Completes Third Review Under the Extended Fund Facility Arrangement for Pakistan and Approves US$555.9 Million Disbursement

More information

GOVERNMENT OF PAKISTAN FINANCE DIVISION ISLAMABAD

GOVERNMENT OF PAKISTAN FINANCE DIVISION ISLAMABAD GOVERNMENT OF PAKISTAN FINANCE DIVISION ISLAMABAD PREFACE The Budget in Brief presents a summary of the Federal Budget 2012-13. It is designed to provide, at a glance, the essential information on revenues

More information

Pakistan State Oil. PSO: Pessimism overplayed. WE Detailed Report

Pakistan State Oil. PSO: Pessimism overplayed. WE Detailed Report 1 KEY DATA KATS Code PSO Reuters Code PSO.KA Current Price (Rs) 198.97 Year High, Low (Rs) 251.74, 198.45 Market Cap (Rs' bn) 49 Market Cap (US$ mn) 496 Shares Outstanding (mn) 247 Free Float (%) 46 Source:

More information

Pakistan: Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding

Pakistan: Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding International Monetary Fund Pakistan and the IMF Press Release: IMF Executive Board Completes Fourth and Fifth Reviews Under Extended Fund Facility Arrangement for Pakistan, and Approves US$1.05 Billion

More information

REPORT FOR THE HALF YEAR ENDED DECEMBER 31, 2017

REPORT FOR THE HALF YEAR ENDED DECEMBER 31, 2017 Company Limited PSO House, Khayaban-e-Iqbal, Clifton Karachi-75600, Pakistan. UAN: (+92-21) 111-111-PSO (776) Ta aluq Care Line: 0800-03000 Email: taaluq@psopk.com Fax: (+92-21) 9920-3721 Website: www.psopk.com

More information

PAKISTAN DEVELOPMENT UPDATE

PAKISTAN DEVELOPMENT UPDATE 100710 Public Disclosure Authorized PAKISTAN DEVELOPMENT UPDATE Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized October 2015 Standard Disclaimer: This volume is a

More information

578,594, ,791, ,594, ,791,319. The annexed notes 1 to 24 form an integral part of this condensed interim financial information.

578,594, ,791, ,594, ,791,319. The annexed notes 1 to 24 form an integral part of this condensed interim financial information. CONDENSED INTERIM BALANCE SHEET [UNAUDITED] AS AT 31 MARCH 2016 Unaudited Audited Unaudited Audited 31 March 30 June 31 March 30 June Note-------------(Rupees '000)------------- Note ------------(Rupees

More information

National Electric Power Regulatory Authority

National Electric Power Regulatory Authority t?' ei National Electric Power Regulatory Authority Islamic Republic of Pakistan os "r, Registrar NEPRA Tower, Attaturk Avenue (East), G-511, Islamabad Ph:+92.51-9206500, Fax: +92-51-2600026 Web: www.nepra.org.pk,

More information

Table 1.1: Selected Economic Indicators

Table 1.1: Selected Economic Indicators 1 Overview The overall economic environment continues to remain conducive for growth. An accommodative monetary policy stance; increase in development spending; substantial growth in private sector credit,

More information

7 Domestic and External Debt

7 Domestic and External Debt 7 Domestic and External Debt 7.1 Overview Despite a sharp improvement in current account balance in FY11, the rise in Pakistan s total debt and liabilities (TDL) of Rs 1.8 trillion during the year to Rs

More information

IGI Life. Funds Performance Report March IGI Life Insurance Limited

IGI Life. Funds Performance Report March IGI Life Insurance Limited IGI Life Funds Performance Report March 20 IGI Life Insurance Limited FUND MANAGER REPORT July 20 Macro Review and Outlook: Headline inflation at +9.4% above market consensus of +8.5% CPI Inflation Domestic

More information

National Electric Power Regulatory Authority

National Electric Power Regulatory Authority National Electric Power Regulatory Authority Islamic Republic of Pakistan Registrar NEPRA Tower, Ataturk Avenue (East) G-511, Islamabad Ph: +92-51-9206500, Fax: +92-51-2600021 Web: www.nepra.org.pk, E-mail:

More information

4 Fiscal Policy and Public Debt

4 Fiscal Policy and Public Debt percent percent of GDP 4 Fiscal Policy and Public Debt 4.1 Overview Fiscal deficit during Jul-Mar FY17 was 3.9 percent of GDP, which was higher than the full year target of 3.8 percent. While overall expenditures

More information

Opportunities & Challenges by. Nadeem Babar Orient Power Company Ltd. November 2015

Opportunities & Challenges by. Nadeem Babar Orient Power Company Ltd. November 2015 Opportunities & Challenges by Nadeem Babar Orient Power Company Ltd November 2015 1 The Opportunity Market offers long term opportunities of growth for those who understand the risks Half of Power produced

More information

A Press Release including a statement by the Chair of the Executive Board. A Statement by the Executive Director for Pakistan.

A Press Release including a statement by the Chair of the Executive Board. A Statement by the Executive Director for Pakistan. October 216 PAKISTAN IMF Country Report No. 16/325 TWELFTH AND FINAL REVIEW UNDER THE EXTENDED ARRANGEMENT, REQUEST FOR WAIVERS OF NONOBSERVANCE OF PERFORMANCE CRITERIA, AND PROPOSAL FOR POST-PROGRAM MONITORING

More information

PREFACE. Arif Ahmed Khan Secretary to the Government of Pakistan. Finance Division Islamabad, the 27 th April, 2018

PREFACE. Arif Ahmed Khan Secretary to the Government of Pakistan. Finance Division Islamabad, the 27 th April, 2018 PREFACE Budget in Brief presents an abridgement of the Federal Budget 2018-19. It provides aggregated information on revenues and expenditures, budgeted for fiscal year 2018-19 alongwith budget estimates

More information

5 BANKING SERVICES TO THE GOVERNMENT

5 BANKING SERVICES TO THE GOVERNMENT 5 BANKING SERVICES TO THE GOVERNMENT 5.1 Overview SBP BSC provides banking services to the federal, provincial and local governments. To accomplish this statutory responsibility, SBP BSC maintains various

More information

Pakistan: Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding

Pakistan: Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding International Monetary Fund Pakistan and the IMF Press Release: IMF Executive Board Completes Sixth Review Under the EFF for Pakistan March 27, 2015 Pakistan: Letter of Intent, Memorandum of Economic and

More information

MONETARY POLICY STATEMENT

MONETARY POLICY STATEMENT FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 billion rupees billion rupees MONETARY POLICY STATEMENT January 2014 Stock of Net Foreign Assets of State Bank of Pakistan 1000 1000 800 800 600 600

More information

National Electric Power Regulatory Authority Islamic Republic of Pakistan. flele. '15-1r4 Registrar

National Electric Power Regulatory Authority Islamic Republic of Pakistan. flele. '15-1r4 Registrar flele '15-1r4 Registrar National Electric Power Regulatory Authority Islamic Republic of Pakistan NEPRA Tower, Attaturk Avenue (East), G-5/1, Islamabad. Ph: +92-51-9206500, Fax: +92-51-2600026 Web: www.nepra.org.pk,

More information

5 Public Finance and Fiscal Policy

5 Public Finance and Fiscal Policy 5 Public Finance and Fiscal Policy 5.1 Overview Fiscal consolidation seen in FY9 could not be sustained in FY1 primarily because of deceleration in revenue generation growth, continued law and order related

More information

KE Presentation. April 2016

KE Presentation. April 2016 KE Presentation April 2016 Pakistan Country Overview Country Overview Iran 40% 35% 30% 25% 20% 15% 10% 5% 0% Arabian Sea Afghanistan Pakistan China India Demographics (mn) Aug-08 Sep-09 Sep-10 Oct-11 Oct-12

More information

National Electric Power Regulatory Authority Islamic Republic of Pakistan

National Electric Power Regulatory Authority Islamic Republic of Pakistan n or I'VLfm4 Registrar National Electric Power Regulatory Authority Islamic Republic of Pakistan NEPRA Tower, Attaturk Avenue (East), G-511, Islamabad. Ph: +92-51-9206500, Fax: +92-51-2600026 Web: www.nepra.org.pk,

More information

6 Domestic & External Debt

6 Domestic & External Debt FY2 FY3 FY4 FY5 FY6 FY7 FY8 FY9 FY1 trillion Rs as % of GDP 6 Domestic & External Debt 6.1 Overview 1 Pakistan s public debt continued to be a major risk to the country s macroeconomic stability during.

More information

FY17A FY18E FY19F FY20F FY21F

FY17A FY18E FY19F FY20F FY21F Power Generation Research Nishat Power Limited (NPL) Declining yields but still attractive! BUY Company Name: Symbol June, 2018 Nishat Power Limited NPL Target Price PKR 34 Upside 21% Key Statistics Current

More information

National Electric Power Regulatory Authority Islamic Republic of Pakistan

National Electric Power Regulatory Authority Islamic Republic of Pakistan J National Electric Power Regulatory Authority Islamic Republic of Pakistan Issava Registrar NEPRA Tower, Attaturk Avenue (East), G-5/1, Islamabad Ph: +92-51-9206500, Fax: +92-51-2600026 Web: www.nepra.org.pk,

More information

2 Banking Services to the Government

2 Banking Services to the Government Banking Services to the Government. Overview The BSC acts as banker to Federal and Provincial governments under its obligatory duties in terms of clause of SBP Act read with clause () e of the SBPBSC Ordinance

More information

INTERIM FINANCIAL INFORMATION (UN-AUDITED) FOR THE QUARTER ENDED SEPTEMBER 30, 2018 ALTERN ENERGY LIMITED

INTERIM FINANCIAL INFORMATION (UN-AUDITED) FOR THE QUARTER ENDED SEPTEMBER 30, 2018 ALTERN ENERGY LIMITED INTERIM FINANCIAL INFORMATION (UN-AUDITED) FOR THE QUARTER ENDED SEPTEMBER 30, 2018 ALTERN ENERGY LIMITED ALTERN ENERGY LIMITED COMPANY INFORMATION BOARD OF DIRECTORS Mr. Taimur Dawood Mr. Fazal Hussain

More information

1 Economic Review. generation, and zero-rating facility for export-oriented industries. See Box 4.1 for more details.

1 Economic Review. generation, and zero-rating facility for export-oriented industries. See Box 4.1 for more details. 1 Economic Review 1.1 Overview The pace of expansion in the economy continued to accelerate in FY17 as well. The real GDP growth in FY17 was the highest during the last ten years. It was led by a rebound

More information

National Electric Power Regulatory Authority Islamic Republic of Pakistan

National Electric Power Regulatory Authority Islamic Republic of Pakistan National Electric Power Regulatory Authority Islamic Republic of Pakistan Registrar NEPRA Tower, Attaturk Avenue (East), G-5/1, Islamabad Ph: +92-51-9206500, Fax: +92-51-260002S Web: www.nepra.org.pk,

More information

The Abacus Prompt. January Monthly Business Review Pakistan. January Monthly Snapshot. Issue 61, Vol.5. Page 1.

The Abacus Prompt. January Monthly Business Review Pakistan. January Monthly Snapshot. Issue 61, Vol.5. Page 1. Issue 61, Vol.5 Page 1 Monthly Business Review Pakistan January 2016 Consulting Technology Outsourcing Monthly Snapshot Stock Market The KSE-100 index decreased by 4.62% MoM, closing at 31,299 pts Average

More information

TARIFF PETITION LAKHRA POWER GENERATION COMPANY LIMITED

TARIFF PETITION LAKHRA POWER GENERATION COMPANY LIMITED December 18, 2014 TARIFF PETITION FOR THE PERIOD FROM JULY 1, 2014 TO JUNE 30, 2015 ON BEHALF OF LAKHRA POWER GENERATION COMPANY LIMITED (GENCO-BULPGCL) (GOP/WAPDA owned entity) CONSULTANTS: Shajar Capital

More information

Nine Months Report 2016

Nine Months Report 2016 Nine Months Report Pakistan State Oil Company Limited PSO House, Khayaban-e-Iqbal, Clifton Karachi -75600 Pakistan. UAN: (92-21) 111-111-PSO (776) Ta aluq Careline: 0800-03000 Email: taaluq@psopk.com Fax:

More information

National Electric Power Regulatory Authority Islamic Rebublic of Pakistan

National Electric Power Regulatory Authority Islamic Rebublic of Pakistan National Electric Power Regulatory Authority Islamic Rebublic of Pakistan 2nd Floor, OPF Building, G-512, Islamabad Ph: 051-9206500, 9207200, Fax: 9210215 E-mail: registrar@nepra.org.pk No. NEPRA/PAR-71/213-215

More information

FROM INVESTMENT DESK ECONOMY AND CAPITAL MARKETS UPDATE

FROM INVESTMENT DESK ECONOMY AND CAPITAL MARKETS UPDATE INVESTMENT FACT SHEET FOR THE MONTH OF JUNE 2018 FROM INVESTMENT DESK ECONOMY AND CAPITAL MARKETS UPDATE 01 KEY INDICATORS CPI Inflation Trade Deficit (USD mn) Remittances (USD mn) Current A/C (USD mn)

More information

Public Private Partnerships in Pakistan

Public Private Partnerships in Pakistan Public Private Partnerships in Pakistan By Mujtaba Shahneel, CFA Director General PPP Unit, Finance Department Government of Sindh Pakistan Disclaimer: The views expressed in this document are those of

More information

The Abacus Prompt TM

The Abacus Prompt TM Page 1 Stock Market Monthly Snapshot The KSE-1 index decreased by 1.6% MoM, closing at 39,893 pts Average daily turnover decreased 19.5% MoM to ~446 mn shares Foreign investment (as measured by FIPI activity)

More information

Pakistan State Oil Company Limited PSO House, Khayaban-e-Iqbal, Clifton Karachi-75600, Pakistan. UAN: (92-21) PSO (776) Ta aluq Care Line:

Pakistan State Oil Company Limited PSO House, Khayaban-e-Iqbal, Clifton Karachi-75600, Pakistan. UAN: (92-21) PSO (776) Ta aluq Care Line: Pakistan State Oil Company Limited PSO House, KhayabaneIqbal, Clifton Karachi75600, Pakistan. UAN: (9221) 111111PSO (776) Ta aluq Care Line: 080003000 Email: taaluq@psopk.com Fax: (92) 99203721 Website:

More information

MONETARY POLICY STATEMENT

MONETARY POLICY STATEMENT Mar-08 Apr-08 May-08 Jun-08 Jul-08 Aug-08 Sep-08 Oct-08 Nov-08 Dec-08 Jan-09 Feb-09 Mar-09 Q4-FY09 FY10 percent MONETARY POLICY STATEMENT April-June 2009 26 Consumer Price Inflation: Trend and Outlook

More information

National Electric Power Regulatory Authority

National Electric Power Regulatory Authority National Electric Power Regulatory Authority Islamic Republic of Pakistan NEPRA Tower, Attaturk Avenue (East), G-511, Islamabad Ph:+92-51-9206500, Fax: +92-51-2600026 Web: www.nepra.org.pk, registrar@nepra.org.pk

More information

ANALYST BRIEFING. Full Year 2015

ANALYST BRIEFING. Full Year 2015 ANALYST BRIEFING Full Year UREA MARKET ENVIRONMENT OGRA notified increase in gas prices effective September 1, Feed Gas PKR 500/MMBTU from PKR 423/MMBTU Fuel Gas PKR 750/MMBTU from PKR 638/MMBTU All manufacturers

More information

CFA Institute Research Challenge hosted by CFA Society of Pakistan Institute of Business Administration Karachi

CFA Institute Research Challenge hosted by CFA Society of Pakistan Institute of Business Administration Karachi CFA Institute Research Challenge hosted by CFA Society of Pakistan Institute of Business Administration Karachi This report is published for educational purposes only by Students competing in The CFA Institute

More information

National Electric Power Regulatory Authority Islamic Rebublic of Pakistan

National Electric Power Regulatory Authority Islamic Rebublic of Pakistan National Electric Power Regulatory Authority Islamic Rebublic of Pakistan 2nd Floor, OPF Building, G-512, Islamabad Ph: 051-9206500, 9207200, Fax: 9210215 E-mail: registrar@nepra.org.pk No. NEPRA/PAR-75/227-229

More information

National Electric Power Regulatory Authority

National Electric Power Regulatory Authority National Electric Power Regulatory Authority Islamic Republic of Pakistan Registrar NEPRA Tower, Ataturk Avenue(East), G-5/1, Islamabad Ph: +92-51-9206500, Fax: +92-51-2600026 Web: www.nepra.org.pk, E-mail:

More information

THE PREPARATORY SURVEY ON JICA COOPERATION PROGRAM FOR INDUSTRY DEVELOPMENT (INVESTMENT CLIMATE IMPROVEMENT IN KARACHI) FINAL REPORT

THE PREPARATORY SURVEY ON JICA COOPERATION PROGRAM FOR INDUSTRY DEVELOPMENT (INVESTMENT CLIMATE IMPROVEMENT IN KARACHI) FINAL REPORT Islamic Republic of Pakistan Board of Investment (BOI) THE PREPARATORY SURVEY ON JICA COOPERATION PROGRAM FOR INDUSTRY DEVELOPMENT (INVESTMENT CLIMATE IMPROVEMENT IN KARACHI) FINAL REPORT SEPTEMBER 2012

More information

Company Information 01. Directors` Report 02. Condensed Interim Balance Sheet 07. Condensed Interim Profit and Loss Account 08

Company Information 01. Directors` Report 02. Condensed Interim Balance Sheet 07. Condensed Interim Profit and Loss Account 08 FIRST QUARTER REPORT Contents Company Information 01 Directors` Report 02 Condensed Interim Balance Sheet 07 Condensed Interim Profit and Loss Account 08 Condensed Interim Cash Flow Statement 09 Condensed

More information

without electricity, there can be no art

without electricity, there can be no art without electricity, there can be no art Nam June Paik SAIF POWER LIMITED A Saif Group Company Quarterly Report For the Half Year Ended 30 June 2018 Contents 02 Corporate Information 03 s Report to the

More information

CONTENTS. Nishat Power Limited

CONTENTS. Nishat Power Limited CONTENTS Nishat Power Limited Page No. Corporate Profile 2 Directors Report 3 Condensed Interim Balance Sheet 4-5 Condensed Interim Profit and Loss Account 6 Condensed Interim Statement of Comprehensive

More information

The Abacus Prompt. November Monthly Business Review Pakistan. November Snapshot. Issue 58, Vol.5. Page 1. new.

The Abacus Prompt. November Monthly Business Review Pakistan. November Snapshot. Issue 58, Vol.5. Page 1. new. Issue 58, Vol.5 Page 1 Monthly Business Review Pakistan November 2015 Consulting Technology Outsourcing new Stock Market Snapshot The KSE-100 index declined by 5.76% MoM, closing at 32,255 Average daily

More information

Table of Contents. Executive Summary Introduction 3

Table of Contents. Executive Summary Introduction 3 Table of Contents Executive Summary 1-2 1. Introduction 3 2. Analysis of data of distribution companies 215-16 4 2.1 Transmission & Distribution Losses (%) 4 2.1.1 Financial Impact due to breach of losses

More information

Report and Recommendation of the President to the Board of Directors

Report and Recommendation of the President to the Board of Directors Report and Recommendation of the President to the Board of Directors Project Number: 47015-001 April 2014 Proposed Programmatic Approach and Policy- Based Loan for Subprogram 1 Islamic Republic of Pakistan:

More information

470 Megawatt Power Plant Karachi, Pakistan

470 Megawatt Power Plant Karachi, Pakistan 470 Megawatt Power Plant Karachi, Pakistan Information Memorandum Cavalier Energy Corporation has been awarded a 25 year contract by the Government of Pakistan to Build, Own and Operate a 470 Megawatt

More information

National Electric Power Regulatory Authority

National Electric Power Regulatory Authority National Electric Power Regulatory Authority Islamic Republic of Pakistan N E P RA Tower, Ataturk Avenue(East), G-511, Islamabad Ph: +92-51-9206500, Fax: +92-51-2600026 Web: www.nepra.org.pk, E-mail: registrar@nepra.org.pk

More information

Pakistan Energy Sector

Pakistan Energy Sector Asia Pacific/Pakistan Equity Research Energy Research Analysts Raza Rawjani 65 6212 3035 raza.rawjani@creditsuisse.com Pakistan Energy Sector ASSUMING COVERAGE To ride on rising power tariffs Figure 1:

More information

LOAN AGREEMENT (Ordinary Operations) (Energy Efficiency Investment Program Tranche 1, Investment Project) between ISLAMIC REPUBLIC OF PAKISTAN.

LOAN AGREEMENT (Ordinary Operations) (Energy Efficiency Investment Program Tranche 1, Investment Project) between ISLAMIC REPUBLIC OF PAKISTAN. LOAN NUMBER 2552-PAK LOAN AGREEMENT (Ordinary Operations) (Energy Efficiency Investment Program Tranche 1, Investment Project) between ISLAMIC REPUBLIC OF PAKISTAN and ASIAN DEVELOPMENT BANK DATED 29 APRIL

More information

Pakistan Cement Industry- An Overview of Profitability Drivers From FY12 - FY17

Pakistan Cement Industry- An Overview of Profitability Drivers From FY12 - FY17 18th September 2017 Pakistan Cement Industry- An Overview of Profitability Drivers From FY12 - FY17 Research Department 111-555-ASL (275) research@abbasisecurities.com REP-091 Glossary APCMA CGAR CPEC

More information

Foundation Wind Energy-II (Pvt.) Limited (FWEL-II)

Foundation Wind Energy-II (Pvt.) Limited (FWEL-II) RATING REPORT Foundation Wind Energy-II (Pvt.) Limited (FWEL-II) REPORT DATE: February 16, 2018 RATING ANALYSTS: Maimoon Rasheed maimoon@jcrvis.com.pk Rating Details Rating Category Long-term Short-term

More information

National Electric Power Regulatory Authority

National Electric Power Regulatory Authority National Electric Power Regulatory Authority Islamic Republic of Pakistan Registrar NEPRA Tower, Ataturk Avenue(East), G-511, Islamabad Ph: +92-51-9206500, Fax: +92-51-2600026 Web: www.nepra.org.pk, E-mail:

More information

FIRST QUARTER REPORT SEPTEMBER 30, 2010 NIKMAT YB Group s Establishment in Chronological Order Directors' Report 03 Balance Sheet 08 Contents Profit and Loss Account 09 Cash Flow Statement 10 Statement

More information

June 2017 TPL LIFE. Fund Performance Report

June 2017 TPL LIFE. Fund Performance Report June 2017 TPL LIFE Fund Performance Report FUND MANAGER REPORT July 2015 Macro Review and Outlook: CPI inflation for the month of clocked in at 5. YoY as compared to 4. in May 2018. The increase in CPI

More information

FIRST QUARTER REPORT September 30, 2011

FIRST QUARTER REPORT September 30, 2011 FIRST QUARTER REPORT September 30, 2011 Being the industry leader and key driver of corporate innovation and growth in Pakistan, Lucky Cement has embraced change in an inspiring way to maintain competitive

More information

Target Actual 10. percent

Target Actual 10. percent 4 Fiscal Policy 4.1 Overview The essence of recent fiscal efforts is to sustain Figure 4.1: Fiscal Deficit - Target and Actual ( of GDP) macroeconomic stability in the country while ensuring a conducive

More information

Public Disclosure Authorized. Public Disclosure Authorized. Public Disclosure Authorized. Public Disclosure Authorized. Report No.

Public Disclosure Authorized. Public Disclosure Authorized. Public Disclosure Authorized. Public Disclosure Authorized. Report No. Project Name Region Sector Project ID Borrower Report No. PID7363 Pakistan-Structural Adjustment Loan South Asia Banking, Power, Gas and Tax Administration PKPE59323 The Government of Pakistan Ministry

More information

India. Key Indicators for Asia and the Pacific Item

India. Key Indicators for Asia and the Pacific Item 1 POPULATION a Total population as of 1 October (million) 1,019 1,040 1,056 1,072 1,089 1,106 1,122 1,138 1,154 1,170 1,186 1,220 1,235 1,251 1,267 1,283 1,299 1,316 Population density (persons/km 2 )

More information

National Policy Responses to the Financial and Economic Crisis: The Case of Pakistan

National Policy Responses to the Financial and Economic Crisis: The Case of Pakistan National Policy Responses to the Financial and Economic Crisis: The Case of Pakistan Prepared for the ILO by Zafar Mueen Nasir Chief of Research Pakistan Institute of Development Economics ILO Regional

More information

National Electric Power Regulatory Authority

National Electric Power Regulatory Authority National Electric Power Regulatory Authority Islamic Republic of Pakistan Registrar NEPRA Tower, Ataturk Avenue (East) G-511, Islamabad Ph: +92-51-9206500, Fax: +92-51-2600021 Web: www.nepra.org.pk, E-mail:

More information

4 Monetary Policy and Inflation

4 Monetary Policy and Inflation Jul-12 Sep-12 Nov-12 Jan-13 Mar-13 May-13 Jul-13 Sep-13 Nov-13 Jan-14 Mar-14 May-14 Jul-14 Sep-14 Nov-14 Jan-15 Mar-15 May-15 Jul-15 4 Monetary Policy and Inflation 4.1 Overview Despite several challenges

More information

National Electric Power Regulatory Authority

National Electric Power Regulatory Authority National Electric Power Regulatory Authority Islamic Republic of Pakistan Registrar NEPRA Tower, Ataturk Avenue (East) G-511, Islamabad Ph: +92-51-9206500, Fax: +92-51-2600021 Web: www.nepra.org.pk, E-mail:

More information

National Electric Power Regulatory Authority

National Electric Power Regulatory Authority National Electric Power Regulatory Authority Islamic Rebublic of Pakistan 2nd Floor, OPF Building, G-5/2, Islamabad Ph: 051-9206500, 9207200, Fax: 9210215 E-mail: registrar@nepra.org.pk No. NEPRA/PAR-76/5204-5206

More information

PARTNERING WITH IFC (KOREA CASE STUDIES) MAXIMIZING FINANCE FOR DEVELOPMENT

PARTNERING WITH IFC (KOREA CASE STUDIES) MAXIMIZING FINANCE FOR DEVELOPMENT PARTNERING WITH IFC (KOREA CASE STUDIES) MAXIMIZING FINANCE FOR DEVELOPMENT 1 1. IFC Korea Introduction IFC AND KOREA: OVER 45 YEARS OF PARTNERSHIP 1968 1971 1974 1998 99-2002 2007 2011 2013 1 st investment

More information

National Electric Power Regulatory Authority

National Electric Power Regulatory Authority National Electric Power Regulatory Authority Islamic Republic of Pakistan Registrar NEPRA Tower, Ataturk Avenue (East) G-511, Islamabad Ph: +92-51-9206500, Fax: +92-51-2600021 Web: www.nepra.org.pk, E-mail:

More information

National Electric Power Regulatory Authority

National Electric Power Regulatory Authority National Electric Power Regulatory Authority 4 Islamic Republic of Pakistan.` _ NEPRA Tower, Attaturk Avenue (East), G-511, Islamabad Registrar Ph:+92.51.9206500, Fax: +92.51.2600026 Web: www.nepra.org.pk,

More information

Government of the Punjab Punjab Pension Fund

Government of the Punjab Punjab Pension Fund Dated: 28 July 2011 MONTHLY REVEW OF NVESTMENTS June 2011 FUND SZE A summary of changes in fund size during FY11 is given in the following table: Rs. millions (rounded to the nearest million) FY11 Beginning

More information

INDEPENDENT POWER PRODUCERS ADVISORY COUNCIL

INDEPENDENT POWER PRODUCERS ADVISORY COUNCIL INDEPENDENT POWER PRODUCERS ADVISORY COUNCIL House # 23, Street # 26 Sector F-8/1 Islamabad, PAKISTAN. Tel : +92 51 2287511-12 Fax : +92 51 2287513 E-mail: ippac@live.com August 05, 2015 Mr. If tikhar

More information

A Press Release including a statement by the Chair of the Executive Board. A Statement by the Executive Director for Pakistan.

A Press Release including a statement by the Chair of the Executive Board. A Statement by the Executive Director for Pakistan. March 2014 IMF Country Report No. 14/90 SECOND REVIEW UNDER THE EXTENDED ARRANGEMENT AND REQUEST FOR WAIVERS OF NONOBSERVANCE OF PERFORMANCE CRITERIA; STAFF REPORT; PRESS RELEASE; AND STATEMENT BY THE

More information

National Electric Power Regulatory Authority Islamic Republic of Pakistan

National Electric Power Regulatory Authority Islamic Republic of Pakistan National Electric Power Regulatory Authority Islamic Republic of Pakistan 'or VE4 * Registrar NEPRA Tower, Attaturk Avenue (East), G-5/1, Islamabad. Ph: +92-51-9206500, Fax: +92-51-2600026 Web: www.nepra.org.pk,

More information

PAK: Power Distribution Enhancement Investment Program, Tranche 3

PAK: Power Distribution Enhancement Investment Program, Tranche 3 Audited Project Financial Statements Project Number: 38456-034 Loan Number: 2972 Period covered: 01 July 2014 to 30 June 2015 PAK: Power Distribution Enhancement Investment Program, Tranche 3 Prepared

More information

Pakistan Development Update. At a Crossroad THE WORLD BANK GROUP. October Public Disclosure Authorized. Public Disclosure Authorized

Pakistan Development Update. At a Crossroad THE WORLD BANK GROUP. October Public Disclosure Authorized. Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized 2 Disclaimer: This volume is a product of the staff of the International Bank for Reconstruction

More information