Stories from Shahbaz Rana
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Budget 2020-21 tries to appease all stakeholders
PTI govt sets a daunting task for FBR to collect Rs4.963 trillion revenue
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Pakistan Economic Survey: Recession looms as growth tumbles
Current account deficit cut only achievement; Dr Abdul Hafeez Shaikh blames previous govt, Covid-19
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Over 57% to suffer Covid financial squeeze
Up to 19.1m jobs at risk because of lockdowns
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PTI govt gives Rs1.15tr in tax break
Highest amount of tax concessions given in FY20 to affluent people
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Govt’s development plan lacks ambition
NEC sets 2020-21 GDP growth target at 2.1%; development outlay reduced to 1.3tr
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Govt may levy GST on more goods
Considers reducing tax on low-cost cigarettes, increasing levy on expensive brands
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ADB approves $500m emergency loan for Pakistan
Money would help deliver social protection programmes to poor, expand health sector capabilities and create jobs
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FBR seeks WHT on foreign currency
Also proposes to limit expense allowances for industrialists
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Govt may cut FED on soft drinks
Considers further reducing general sales tax of 3% to either 2% or 1%
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PTI govt approves CPEC’s $7.2b strategic project
ML-1 project includes dualization, upgrading of 1,872 km railway track from Peshawar to Karachi









