Serves notice on PAMADA; finds evidence of cartelisation.

They come into action only when damage is done.

20-member commission will look after macro issues

Project expected to be approved despite Ministry of Finance’s notification reinforcing the sanction

PPAF’s partner misuses Rs403m, fails to extend small loans.

Occurs on the back of contraction in exports and double-digit growth in imports.

Trade deficit gap from July through September this year was $2 billion higher than IMF projections

The $7.5 billion package will expire by September next year

Pakistan, global lender agree to club 4th, 5th reviews.

Country receives only 7.5% of annual estimate in first two months of FY15