Allocation higher despite devolution of 18 ministries to the provincial level.

ECNEC rejects calls for cutting development spending.

Government set to print money, causing inflation, and squeeze out private sector lending, hampering growth.

Bank and Pakistan bridge differences, loan releases depend on pace of construction.

Govt spends more, collects less than projected; expenditure shot up at the cost of development.

Committee says sale proceeds cannot be used for budget financing.

Two new measures likely to result in Rs18 billion in additional revenues.

FBR now has to collect Rs8.3b per day to meet the year’s target.

Govt needs time to incorporate commitments given to IMF.

Move aimed at keeping budget deficit at 4 per cent of GDP.