Stories from Shahbaz Rana
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$6.7b bailout: IMF asks Pakistan to remain firm on deal
Release of tranches linked with meeting performance criteria.
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Election campaign: Previous govt spent $3.5b to stem rupee slide before polls
The amount accounts for up to three-fourth of total loss in currency reserves during FY13.
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FBR picks about 42,000 cases for tax audit
Move aimed at catching taxpayers giving incorrect information.
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Development work: ECNEC approves Rs26b for reviving Pakistan Railways
Several projects with incomplete costing withdrawn, planning committee reprimanded.
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Lender’s report: IMF spotlights risks to Pakistan bailout deal
Violence, country’s track record and Nato drawdown pose near-term crisis: report.
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Reimbursement: US to release $360m under Coalition Support Fund
Islamabad, Washington all set to resume strategic dialogue later this year.
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Economic reform: Political stability and implementation of plans are necessary conditions
Malaysian minister shares economic model to address Pakistan’s complex problems.
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Tough talk: IMF says meeting conditions must for release of tranches
IMF executive says waivers should not be expected by Islamabad.
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Cost overruns: WAPDA presents bloated cost of Kachhi Canal Project
Delays and tripling of costs lead to speculations about corruption and mismanagement.
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IMF’s condition: Pakistan agrees to slice budget deficit target
This will result in a sharp cut of Rs130 billion on budget approved by parliament.