Stories from Shahbaz Rana
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Price stability: December inflation down to single digits
Core inflation still above 10%, overall trend dependent on global commodity prices and govt spending.
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Development budget: Spending on target for first time in three years
Govt releases Rs148b in 6 months against annual budget of Rs300b.
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Overview: A distracted govt all but ignores the economy
Exit from the IMF programme and widening deficits characterise the outgoing year.
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Saudi Arabia gives $172m for urea import, reconstruction
Riyadh is the only one among country’s ‘friends’ that has met promise.
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Improving revenue collection: Pakistan, WB negotiating second reform programme
$300 million project loan being discussed despite severe problems in the preceding programme.
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Fertiliser shortage: Saudi Arabia expected to provide $172m
Loans will be for urea import, development projects in Malakand, Waziristan.
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Development schemes: PM releases extra funds to appease parliamentarians
Gilani doles out 68% of annual budget in just five months to keep allies content.
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Hurtling to a crash?: Railways says it can’t meet debt obligations
Seeks freeze on interest payments, PM’s approval to sell lands and retire debts.
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Mid-term review: World Bank pledges $3.7b in new loans
Highlights risks to the country’s macroeconomic stability.
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Pakistan, China sign currency swap agreement
Move aimed at strengthening bilateral trade and investment.