KARACHI - Adviser to Prime Minister on Finance and Revenue Shaukat Tarin has ruled out the possibility of further immediate cut in the prices of petroleum products and said that the govt has already reduced prices of petroleum products by 40 per cent. He also said that the country has met all the targets set by the IMF. While talking to media and addressing two separate meetings with the members of Executive Committee of S.I.T.E Association of Industry and the management of Pak-Oman Investment Company Ltd at FTC building on Saturday, he further said that the govt borrowing was restricted to Rs 242 billion during the current year which is below the target of Rs 258 billion. 'Our borrowings are below the target', he said. He said 'we are meeting all the targets of IMF and I have no worries about it'. He said that the govt will consider lowering discount/interest rates when core inflation starts coming down. 'The current rate of inflation is 24 per cent in the country while the core inflation was around at 18.9 per cent'. He expressed his desire that core inflation will come down soon. The petrol prices have already decreased by Rs 30 per litre which is more than 40 per cent since international oil prices have started slipping, he said. 'We have reduced petrol price from Rs 87 to about Rs 57 per litre'. On the contrary, our neighbour India has reduced petrol price only by Rs 5 per litre, he maintained. The govt will further consider to reduce the oil prices at a suitable time as the govt has more concerns at the present time regarding the situation on the borders and pressure on the revenue collection, he added. Replying to a question about the privatisation of Qadirpur gas field, he said that the Prime Minister has already made it clear in the Assembly that it's privatisation will be done after due consultation. He also said that govt was not considering privatisation of Steel Mills while 10 to 15 per cent shares of Pakistan Steel Mills would be sold to its employees. He said that the inflow of Foreign Direct Investment during first five months of current fiscal was up by 1 to 2 per cent compared to last FY 2007-08. Let the new govt take over in US than Pakistan govt will approach it with the 'Friends of Pakistan', during this Pakistan will settle individual meetings with member countries, he said. He informed that he is going to hold a meeting with Saudi Finance Minister. 'Industrial policy is being prepared in which the major focus is on Agriculture and Manufacturing. Incentives will be provided to increase agricultural and manufacturing output'. He said that the industrialists and businessmen will be the members of all boards and policy making bodies so that policies could be made in accordance with ground realities. About loadshedding, he said that as KESC, PEPCO, Government Departments and Organisations have to pay dues of over Rs 175 billion to WAPDA, therefore, loadshedding occurs. He further said that in next meeting, some difficult decisions would be taken to address the issue. Talking about tax base, he said that we would have to broaden our tax base like Malaysia and other Muslim countries. 'In this regard, tough decisions will be made'. He emphasised the need of bringing stability on macro economic level. 'The biggest target for me is to achieve revenue target', he added. He said that in his coming meeting with Governor State Bank, he will discuss the problems of Industrialists regarding Banking. Meanwhile, Chairman S.I.T.E Association of Industry Engineer M.A.Jabbar and other office-bearers briefed the Adviser to PM on Finance about the unscheduled loadshedding of electricity and gas, law and order situation and other problems that are being faced by the business community. Militant bases in Pakistan a key challenge, says Nato KABUL (AFP) - The deputy head of the NATO-led force that has more than 50,000 soldiers in Afghanistan helping to fight extremist insurgents has said security did not deteriorate last year as much as portrayed. However, he said the militant bases across the border in Pakistan would continue to be a key challenge for Afghan and foreign troops here. A few "spectacular attacks" by the insurgents in 2008 had fed perceptions that security was worsening, British Lieutenant General Jim Dutton said, answering questions from the media in a video posted on the Internet this week. However there had been some improvements with violence in the capital Kabul "much lower" than in 2007, the International Security Assistance Force deputy commander said. He added: "There is no evidence of a coordinated effort by insurgents to try to encircle the capital city despite what we sometimes read." The general also pointed to military campaigns that took back the southern districts of Musa Qala and Garmser, both in the province of Helmand, from insurgent control. He admitted "there is no doubt that security has deteriorated in other areas - particularly freedom of movement on some of the major highways ... has been curtailed." "We are not where we want to be on security but I would refute the suggestion ... that it is considerably worse over 2008," he said. Dutton, who has served in Iraq and took up his post in Afghanistan late last year, said the militants had over the past year made greater use of terrorist tactics such as suicide bombings, and tended to attack "softer targets." "Certainly they have gone for police units who tend to be less well protected and less well armed than the equivalent army units and ISAF units. "They have gone for government officials, they have gone for installations, such as district centres," he said. Over the next year, the military forces in Afghanistan will be boosted with the arrival of thousands of additional US troops, perhaps some from other countries and new soldiers in the Afghan National Army, Dutton