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Federal Minister for Water and Power, Raja Pervez Ashraf said that the allocation of more than Rs 100 billion in the budget 2009-10 for ongoing and new projects was a good sign for future of the country especially for ensuring provision of electricity to all.

The All Pakistan CNG Association estimates an increase of Rs8 to Rs9 per kilogram in the price of CNG following the imposition of carbon surcharge as announced by the government in the federal budget for 2009-2010 on Saturday.

The government on Saturday increased budgetary allocation for the research and development in the atomic energy sector from the current fiscal year

The government is going to expand its next Annual Development Programme (ADP) to near about Tk 29000 crore, ignoring experts' suggestion to limit the development budget within it's capacity to implement.

WHAT could be the world

Britain unveiled 1.4 billion pounds ($2.04 billion) of initiatives to encourage investment in green energy on Wednesday and also gave tax breaks to help squeeze the remaining oil from the declining North Sea.

The PHD Chamber of Commerce and Industry favours strict monitoring of infrastructure, energy and industry projects to give momentum to the growth of Indian economy for overcoming the adverse impact of slowdown.

It may be mentioned here that various projects involving a record outlay of Rs 2,49,362.95 crore in the Union Budget are to be taken up in the April-June 2009 fiscal quarter.

Consumers have not taken too kindly to the government's decision to raise the price of LPG cylinders by Rs 50 in a single stroke. With inflation touching an all-time high, it has anyway been a tough balancing act for homemakers to juggle their household expenses and the gas price rise is bound to upset their budgets even further.

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