PC spokesperson unable to provide justification for extension.

Bureaucratic red tape, uncertain environment drive investors away.

Clocks in at $1,380 as total size of economy falls by Rs600 billion.

Govt is scrambling to raise the tax-to-GDP ratio to a respectable level.

GDP growth for fiscal 2012-13 will clock in at 3.59% against the target of 4.3%.

Masroor Qureshi, an employee of NBP, had been removed over ‘poor performance’.

The external debt crisis is at a precarious state as reserves have started to deplete rapidly.

GDP growth may miss target for fifth consecutive year.

Finance ministry official says next govt will decide on release of Rs27b for next fiscal year.

Metro-Habib reels from the increase in advance income tax.