Stories from Shahbaz Rana
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Inflation surges to 5-year high, target missed
Reading came in at 7.3% for FY19 due to expensive power and gas, 32% rupee fall
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Tax-to-GDP ratio sinks to lowest in five years at 9.9%
Centre seeks help of provinces to broaden tax net
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Govt to miss tax collection target by Rs600b
FBR has collected less than Rs36 billion under tax amnesty scheme so far
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World Bank approves $722 million loan for Pakistan
Lender commits funds for three Karachi projects and K-P tourism
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Rs7.022tr budget for FY2019-20 sails through NA
Combined opposition fails to block passage of money bill
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Ministries empowered to get approval of contracts
Agreements like $6b IMF deal may now escape cabinet’s scrutiny
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Money stashed by Pakistanis in Swiss banks down 34%
This is the lowest level of deposits retained by countrymen since 1996
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ECC okays 190% hike in gas prices
Also increases electricity prices by Rs1.5 per unit
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Govt borrowing to rise 84% to record Rs43.5tr in FY20
The money will be spent on repaying maturing public debt and bearing interest cost
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Govt announces major taxation concessions
Slaps federal excise duty on all imported cars including ones used by middle income groups









