Stories from Shahbaz Rana
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On hold: Trade Development Authority’s fate hangs in the balance
Parliamentary panel opposes legal cover for body, says needs more info to decide.
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Tough measures: IMF suggests increase in sales tax rate to trim deficit
Says fiscal reforms can lessen Pakistan’s dependence on bank borrowing.
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Statistical inaccuracy: Official jobless figures do not reflect reality, says IMF
Pakistan needs 7% annual growth rate or unemployment will keep on rising.
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IP gas project: Alienating US, Pakistan and Iran signal firm resolve
Neighbours vow to ‘intensify’ work on the pipeline.
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Strong words: IMF accuses State Bank of indirectly fueling fiscal deficit
Urges more exchange rate flexibility which analysts interpret as letting the rupee slide further against the dollar.
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Election year: Government considers 20% increase in PSDP budget
Proposal comes on back of growth in project-based external loans.
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Fiscal discipline requires ‘serious corrective measures’
Debt Office suggests withdrawing power subsidies, reforming state enterprises.
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Concession for Pakistan: EU duty waiver on 75 items crosses key hurdle
Concession for two years intended to help economy recover from 2010 floods.
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Permission granted : ECC allows export of 100,000 tons of sugar
Decision comes in face of price drop in local market, expected bumper sugarcane crop.
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Neelum-Jhelum project: Pakistan negotiating $448m loan with China
The loan would cover the rising costs of the hydroelectric power plant.