Global lender urges Pakistan to bring equity in distorted tax system

Move aims at containing double-digit inflation

As per budgetary limit, they should have spent Rs322 billion in first quarter

High spending bill highlights lack of fiscal space for stimulating economy

Federal excise duties collection stood at Rs99b as against the target of Rs111b, falling short of the target by Rs12b

ECC also increases wheat support price by Rs65 to Rs1,365 per 40 kg

PM’s aide informs NA panel DISCOs privatisation not possible in two years

Delay due to differences over required increase in light of double-digit inflation

Much like anti-Benami properties campaign, govt’s initiative to recover offshore assets has also failed to bear fruit

Selection process was completed the day govt announced replacing Khusro Bakhtiar with Asad Umar as planning minister