FBR provisionally collects Rs1.067tr during July-November, filers of income tax returns also fall 38%

Costing Rs5.1b, the scheme was cleared to pave the way for arranging finances

Additional funds needed for Operation Zarb-e-Azb, creation of security force for CPEC

Says high cost of human resource and demands from 6,000 employees reasons for the scheme

Three-fourths of borrowings to go to meeting budget financing requirements

Also cuts gas prices for industrial sector by up to 33%, decision will not affect revenue

National Disaster Risk Management Fund to reduce country’s vulnerability to disasters from natural hazards

Central bank also objects to the confiscation of Benami properties by federal govt

World Bank’s arm will be offered 20% equity in return, control to remain with Pakistan government

Scheme, if cleared by parliament, will whiten an estimated Rs7 trillion of black money