Start with the name of Allah,

the most merciful & gracious

Assignment of Business Economics

Presented to: Presented by: Dr. Noor Rashid Mehmood 8373 Ali Ahmed 8372

Budget/ Budgeting

• This is a protocol to evaluate current income & make plans to fulfill needs within available income or resources.

• To find ways to increase income & find new resources.

• To reserve amount for future.

Budget/ Budgeting for Country

• A protocol to evaluate current national income & make plans to fulfill national needs within available income or resources.

• To find ways to increase income (Taxes) & find new resources(modern industrial units).

• To increase national reserves(Currency & Gold) for future plans.

Pakistan Federal Govt. unveils PRs. 3420b Budget 2013-14, delivered

by Finance Minister Ishaq Dar.

According to government resources it is a friendly budget.

Effects of Budget 13-14 at Energy Sector

The fluctuation in global oil prices has meant that oil prices in the country are likely to go up by Rs4.99 per

liter effective August 1, 2013.

• Increase of Petroleum & oil prices directly or indirectly impact whole population.

Climbing Petroleum Products Prices

Petrol prices gone up by Rs2.73 per liter from the existing Rs101.77 to Rs104.5.

• Increase in Petrol price will impact the transportation fares.

• It also impact the production cost due to use of Generators because to Electricity Load Shedding.

• Ultimately increase in prices.

Climbing Petroleum Products Prices

Kerosene oil, used for cooking purposes in remote areas where liquefied petroleum gas is not readily available, may witness a hike of Rs4.99 per liter, bringing its price up from Rs96.29 to Rs101.28.

• Poor population will suffer due to increase in price.

Climbing Petroleum Products Prices

Diesel, price increase up to Rs3.95 per liter, meaning the price will go up from Rs92.17 to Rs96.12.

• Mainly used for industrial purposes, & increase the production cost.

• Transportation of goods becomes expensive.• End user will suffer.

Shortage of Electricity in Pakistan since last few years

• Total Production(All Sources): 16170MW• Total Consumption Requirement: 19000MW• Total Deficit: 2830MW

• Due to this deficit peoples suffering from Load Shedding

5000 acre land allocated for solar power project • The Punjab government has decided to allocate 5,000

acres of land for private solar power projects in Cholistan. The land will be allotted to the solar power sector investors at a nominal rate.

• 2,500 acres land is located in Maroot, district Bahawalnagar and the rest 2,500 acres land is located on Din Garh Road, tehsil Yazman district Bahawalpur

Thar Coal Project

• The nation is likely to hear a historic good news before June next year. Pakistan will start getting electricity from Thar Coal for the first time in the history.

• This electricity will be generated by using gas produced by Underground Coal Gasification (UCG).

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