Stories from Shahbaz Rana
More News
-
Plan B: Govt delays privatisation of power distribution firms
IMF report says these companies will be sold next year
-
Letter to IMF: More mini-budgets in the offing this year
Govt assures IMF any shortfall in revenue will be met with additional tax measures; higher power tariff if SC allows
-
Inflation clocked at 4.53% for fiscal 2015
Macroeconomic success achieved through lower global oil prices
-
Failing tax machinery: Government fails to meet 3-time revised tax target
The massive shortfall in tax revenues will further compound govt’s problems
-
Missing goals: 300,000 families remain deprived under BISP
Spending remained Rs91.7 billion till the end of fiscal year.
-
Creative accounting: Cost of tax exemptions goes down by Rs253b
Govt cuts cost of SROs’ number after lenders claimed Islamabad was not serious about tax reform
-
Public Sector Development Programme: Govt releases Rs437b against the approved Rs525b
Cut in spending meant to meet IMF condition of restricting deficit to 4.9% of GDP.
-
July-May: Rs48b spent on Karachi’s nuclear power plants
Money came through China; plants have generation capacity of 2,117MW.
-
Unable to implement reforms: Pakistan gets less-than-projected foreign assistance
Receives $4.3b, 57% of the budgeted amount of $7.44b
-
IMF gives go-ahead to $506.4 million loan tranche
The IMF board also approves changes in Net International Reserves targets for two quarters
