Centre, provinces agree to impose sales tax on services paving way for restoration of $11.3b IMF bail-out programme.

Govt promises to pick up losses incurred by any province that shows flexibility.

Occasional riots in Karachi and economic mismanagement at the Centre adversely affects revenue collection efforts.

Irsa estimates 10-15% water shortage for Rabi season.

The delay is giving rise to fears that the final package may not be all that beneficial.

Govt contemplates using controversial Musharraf-era tax survey data to broaden the tax base and catch tax dodgers.

Dr Abdul Hafeez Shaikh is yet to declare his assets and the amount he paid in taxes last year.

Latest assessment by IMF shows exports expected to shrink while imports will rise following the floods.

Investment in energy sector is dependent upon Pakistan’s ability to reform the sector as recommended in a report.

Musharraf had released Rs5.5b to the premier intelligence agency out of funds allocated to the finance ministry.