Slump comes mainly due to massive rupee depreciation, higher taxes

Central bank revises up previous fiscal year’s current account gap by $1b

Insists current account deficit will come down to $12 billion in the current fiscal year from $18 billion in FY18

Speaks to stockbrokers at the PSX, assures of reviewing high taxes on shares

Earlier, cabinet decided to conduct an audit and renegotiate terms with LNG terminal operators

Says narrowing current account deficit will remain a big challenge

Foreigners hold back investment plans as they await clarity on economic front

Power plant is being set up at a cost of $498.3m; expected to start production by June 2021

Rupee’s depreciation has left devastating impact on businesses, particularly those relying on imports

Stockbrokers meet finance minister, blame high taxes for market’s downturn