Stories from Shahbaz Rana
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Pakistan to pay $9.3b in external debt servicing
PTI govt will have to contract new debt, at least in its first year
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Outgoing setup suggests harsh economic measures to PTI
Advises further rupee devaluation of 8%, 200bps increase in key interest rate
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Finance minister urges APG to be flexible in deadlines
Says Pakistani authorities should be given full opportunity to provide necessary materials, reports
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APG highlights financial system’s vulnerability
Warns militant groups can criminally abuse financial system
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IMF delays appointment of Pakistan’s senior adviser
Financial institution has had bad experience with last two advisers
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Pakistan asked to make terror financing, money laundering extraditable offences
APG calls for giving offence monitoring powers to SECP, NAB
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Pakistan’s debt, liabilities swell 83% to Rs30tr
It was largely due to last govt’s expansionary fiscal policies and failure to reform tax administration
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Booming real estate sector contributes just Rs23 billion in taxes
Incoming PTI govt may appoint FBR chief from private sector to improve revenue
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FBR issues notification on sales tax exemption
It comes days after Senate panel warned of seeking explanation for delay
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FBR’s reliance on WHT highlights need for policy revamp
Share of withholding taxes in total direct tax collection increases to 72% from 56% over five years