Stories from Shahbaz Rana
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Friendly countries ready to plug $4b financing hole
Saudi Arabia first country to agree to give commitment to the IMF, top government source confirms
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Govt approves spectrum auction
Every 5 MHz sale may fetch around $96m; licence will be for a period of 10 years
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IMF toughens stance on loan tranche release
Lender links $1.2b approval with bridging yawning financing gap
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Trade gap shrinks significantly
It comes after strict curbs on imports that fall over $3 billion in July
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Inflation rate highest since Great Recession
It’s highest increase since October 2008 amid steep fall in rupee’s value against dollar
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Govt to scrap fixed tax on traders
Move will cause Rs30b dent on national exchequer; smokers will pay more tax
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Turning data into money a dream
NADRA tracks 72m people for tax collection, but does not find many takers
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Tax receipts rise at less than required pace
Revenue collection goes up 9% to Rs454 billion in July
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Army chief steps in to shore up hard cash
Phones US Deputy Secretary of State Wendy Sherman to help unlock $1.2b from IMF
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Ban on luxury goods import relaxed
ECC allows buying 200,000 metric tons of wheat at $407.5 per ton price









