Federal govt starts implementation of new power tariff policy under conditions laid down by IMF.

Tranche worth $1.3 billion contingent upon delegation’s report.

Donor expresses concern over failure to implement RGST and eliminate power subsidies.

50% GST discount on sugar to be repealed, taxable value to increase.

Minister for Finance Dr Abdul Hafeez Shaikh announces set of upcoming economic reforms for private sector development.

The deadlock between the federation and provinces over standalone services will be resolved today, it is expected.

Technical negotiations between International Monetary Fund team and Pakistan end.

Sindh refuses to grant the Federal Board of Revenue taxation rights on seven services.

FBR agrees, in principle, to introduce draft recovery plan along the lines of Indian draft recovery plan 2010.

Tax revenue collection in the period July 1 to October 22 increases by meagre five per cent on a yearly basis.