SBP slashes policy rate by 100 basis points, bringing it down to 7%

Was set at 4.9% of GDP; may need IMF waiver for next loan tranche

After the cut, discount rate stands at its lowest in 42 years

Will not increase BISP stipend but will extend the social security net to facilitate more families

Govt expected to allocate Rs817 billion towards the military, a 10% increase over last year

Move is aimed at curbing the practice of legalising black money by re-routing it through forex companies

Islamabad ready to take the hit; PC Chairman Zubair says transaction was ‘poorly run’

Two of the four schemes have been sent to Ecnec for final decision

Registers almost 10% growth, according to estimates; investment and savings targets missed

The body also recommended the construction of Basool Dam, Shadi Kaur Storage Dam