Stories from Shahbaz Rana
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ADB sees economic recovery in Pakistan
In the previous ADO Updated Outlook report of September, ADB had said Pakistan’s economy may grow at a pace of 2%
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Govt discontinues Rs25,000 bonds
Gives six-month deadline to investors to encash or convert their savings
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Non-residents exposed to taxes
Scores of non-resident Pakistanis accidentally become residents due to travel curbs
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Summary ready to reconstitute cabinet bodies
PM expected to formalise a strategy today in light of IHC verdict
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Govt receives only 1.67m tax returns
Despite 43% drop in filers, govt has not granted further extension in deadline
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Budget deficit jumps to Rs894b
Increase comes due to double-digit growth in expenditures
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Trade deficit widens to $9.6b
Exports and imports record nominal increase in five-month period
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ECC defers subsidy for industries
Committee unsure about base of numbers for Rs9.5 billion subsidy claim
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ECC defers fund approval for Karachi
Financing framework seeks Rs509b from private sector, Rs125b from court funds
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Rs70b plan to tackle Covid, other calamities okayed
CDWP also approves four other schemes, recommends one to ECNEC









