Stories from Shahbaz Rana
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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
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Trump admin looks to limit foreign military aid particularly to Pakistan
Defence ministry expects at least $1.5b from US but no positive signals from Washington so far
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PML-N’s last budget unlikely to offer comfort to business sectors
Officials say government in no mood to provide any significant relief to pharmaceutical, poultry, stationery etc
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A whopping Rs272b for special schemes
Will include PM’s and MNAs’ pet projects
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Non-filers of tax returns could be burdened further
Dar critical of FBR’s proposals as he doesn’t want to increase taxes in election year
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Govt sets aside Rs44bn for CPEC’s western route
Total cost of corridor infrastructure projects is estimated at Rs1.08tr
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NEC approves Rs2.5tr for development outlay
However, it does not approve $10.4b current account deficit target
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NEC doubles borrowing limit for provinces
Federating units can now acquire loans equivalent to 0.85% of GDP
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Current account deficit may swell past $10.4b
This deficit may be an understatement because the government projected a single-digit growth in imports
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Pakistanis, on average, earn $1,629 a year
Govt fails to achieve investment and savings targets set for the outgoing fiscal year