Stories from Shahbaz Rana
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Financing reforms: World Bank approves loans worth $1.125b
Major chunk earmarked for reforms in Pakistan’s energy sector.
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Rationalisation: Reduced tariffs likely on vehicle import
FBR may introduce new tariff slab for consumers desiring to switch from bikes to smaller cars.
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World Bank approves 3 loans for Pakistan worth $1.125 bn
$600 million approved for energy sector reforms along with $400 million for macroeconomic reforms.
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FBR fails to achieve April’s target, lets down Dar again
Collects Rs163b missing even the downward revised target of Rs196.3b.
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Another package: WB displeased with govt’s reform policies
Most targets attached with $6billion loans were not achieved.
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Budget 2014-15: Govt increases proposed development allocation
Suggests boosting amount to Rs525b from Rs506b.
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Anticipated move: Wathra appointed State Bank governor
Incoming SBP chief has favoured finance ministry’s role in running central bank’s affairs.
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World Bank report: $2b policy loans tied to minimum creditworthiness
International lender to disburse policy loans after Pakistan meets condition .
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Govt may have to sell shares of state-owned assets to WB arm
Policy draft shows international lender’s investment arm will support privatisation in Pakistan.
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Suggestion: EAC recommends govt to set up commission
Panel of economists comes up with proposal to stop misuse of taxpayers’ money.