Also approves Power Purchase Agreements with IPPs; doubles regulatory duties on import of sugar from 20% to 40%

Government misses key improvement targets, likely to miss IMF forex reserve target

Alleged deceptive marketing practices the reason behind action

Focus now to be on the troublesome taxation and energy sectors

Asks beverage industry to wait for decision until the end of budget debate.

Senate standing committee says income threshold should be lowered for high earners

The government is availing the programme loan for budgetary support

Argues it had failed to pay tax refunds of Rs400m after PAFL acquisition in 2006.

Also recommends allocations for NACTA.

Pakistan’s shipments abroad plunge 5% in 11MFY15; trade deficit widens 11.7%