Stories from Shahbaz Rana
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Rs220 billion hole surfaces against FBR’s target
Target missed due to faulty tax planning, poor state of the economy, low economic growth and tax exemptions to traders
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Without IMF umbrella, strong headwinds ahead
Finance ministry sees stagflation, low forex reserves as challenges for policymakers
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Presidential ordinance likely to bring mini-budget
Govt aims to impose flood levy on imports to raise additional Rs60b
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No date for disbursement of $3b Saudi bailout
Country pins hopes on meeting IMF on sidelines of Geneva donor conference on Jan 9
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G-B races ahead in tech revolution
Imparts training in artificial intelligence, sets up robotic labs in govt facilities
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Another $1b due next week
Junk credit ratings pointing to default risk restrained lenders from commitments
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Non-FBR personnel collect Rs734 billion in taxes
Withholding taxes made up nearly 66% of total tax collection in current fiscal year
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Rs2.2 trillion spent on interest and defence
Amount is equivalent to 107% of the government’s net income
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Roosevelt Hotel to be given on lease
Cabinet committee decides to hire firm for leasing the asset in New York
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Uplift funds, default risk both rise
Ministry demands Rs87b increase in PSDP funds for parliamentary schemes









