Country's external debt obligations estimated at $10.4b in new fiscal year

IMF board decides to take up country’s request for $6b loan on July 3 for decision

World Bank approves package for two projects

It is nearly half the amount taken by PPP govt in its full five-year tenure

Tasks finance ministry with completing deliberations within two days; ministry seeks more time

It leads to Rs300b cut in development budget, approval of supplementary budget

Hafeez Shaikh says he is ready to 'offend people' to meet revenue target

Pay, pensions rise; income tax threshold slashed; FBR collection target set at Rs5.5t; 8.2% budget deficit projected

Proposes harsh, inflationary taxation measures to qualify for IMF programme

Amount is insufficient for Rs8tr worth of ongoing and new projects that will take 12 years