Revised arrangement critical for IMF programme as reserves fall below $10b

Aurangzeb winds up budget debate in NA; presents Rs36b new tax measures

Despite lower interest costs, key institutions get double-digit budget hikes

Govt eases restrictions on high-value purchases by ineligible persons

Taxman gets arrest powers

Ties tax benefits to one-year minimum retention as rupee weakens

Elite clubs come under tax ambit

Fears becoming first casualty of $1b import surge, 2 million job losses

Five bids received for PIA sell-off

Decision to import 750,000MT sparks criticism as prices soar to Rs190/kg