Pakistan offered incentive in bid to attract relocation of Chinese industries

FBR says trust already not being taxed

Pakistan receives amount amid depleting foreign exchange reserves

Miftah says need to go to IMF for a bailout package

Gives incentives to industrialists, stock market as well as importers of coal and LNG

Taxation measures outweigh relief offered to industrialists, agriculturists and salaried

Amount is 2.9% higher than allocation for 2017-18

President Mamnoon Hussain administered oath to Ismail during a ceremony at the Presidency

Reforms made under IMF programme have now been reversed; government doles out relief with elections around the corner

 ‘Report confirmed significant improvement compared with the situation prevailing five years ago’