JMC talks end without breakthrough; no discussion held on oil purchase on credit

Pakistan shares its revised macroeconomic indicators with IMF

Al-Khateeb's arrival in Islamabad raised prospects of a Saudi bailout package

They will meet only 35% of estimated foreign debt servicing requirement of 1Q

Instead it recommends rise in tax rates for salaried and business individuals from Oct

Inflation may rise to 6.5%; bank urges immediate measures to take off pressure

Agreement could not be reached on passing on full impact of theft, bad policies

Nevertheless, the panel’s decision cannot stop govt from making these changes

Government cuts 455 projects from PSDP

Minister says govt agrees with PML-N’s policy, but wants to further refine the law