Stories from Shahbaz Rana
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Trade deficit slightly over $8b in first half
Trade deficit remains restricted despite surging oil prices and significant increase in machinery import.
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‘Friendly’ support: FoDP yet to deliver on two-year-old pledges
FoDP has so far released only 28 per cent of the total commitments made at a forum almost two years ago.
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Pakistan Steel Mills: Government decides to back Rs7b loan bid
If PSM fails to pay back the amount, it will become the federal government’s obligation to service the debt.
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Federal Board of Revenue: Reshuffling of top brass on the cards
Move part of bid to fight corruption and inefficiency.
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Counting the cost: Rs5b monthly burden on public purse
Decision to reverse petrol price hike sends wrong signal to international donors, places additional Rs5b burden.
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Senate panel objects to new SECP chairman’s appointment
SECP asked finance ministry to submit a list of short-listed candidates, highlighting flaws in filling key posts.
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Economy remains in hot waters
Agriculture and industrial sectors weaken, budget deficit may touch 6% of GDP.
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Tax machinery manages to exceed December’s target
The Federal Board of Revenue must collect Rs157.5b every month to meet revised annual target.
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Economic revitalisation: Creating jobs in Malakand
WB to approve multi-million dollar project to spur growth through rehabilitating small- and medium-scale enterprises.
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Interest rates on savings schemes increase
Govt plans to borrow Rs230b through these schemes.