Stories from Shahbaz Rana
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$1 billion China loan to retire foreign liability
Govt borrowing will be used for balance of payments, budgetary support
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Govt downbeat on recovery of $800m from Dubai-based firm
Expects Rs141.8 billion from US as part of Coalition Support Fund
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Rs4.75tr status-quo budget unveiled
Inadequate measures to control emerging threats to external sector; no reforms to improve governance of public sector
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Rs120b worth of new tax measures
New taxes imposed in five years add up to Rs1.3 trillion
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‘Historic’ Rs1.001 trillion allocated for development budget
Nearly half will be spent on govt’s ‘special schemes’ and meeting requirements of CPEC projects
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Growth improves, but targets missed
Despite worrying macroeconomic indicators, Dar says Pakistan will not need another IMF bailout till 2019
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Hefty tax breaks result in whopping Rs415.8b dent
Does not include Rs50 billion exemption given to IPPs
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Terror-linked losses swell to $123b
The surge includes outgoing fiscal year’s losses estimated at $3.9b
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Karachi’s water, green line projects to get Rs25b
Government has provided required funding for two critical schemes, but road projects remain partially funded
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Pakistan aims to borrow another $8.1b in the coming year
Govt to receive $3b more than the original budgetary estimates