Japan expected to lend $2b for Karachi Circular Railway.

The decision shows the priorities of the new PAC that seemed struggling to dig deeper into financial irregularities.

BoD blames ‘lax management’ as reason, orders inquiry to minimise damages.

The GSP Plus status will come into effect at midnight on January 1, 2014.

Pakistan remained unable to attract foreign investment that could supplement the declining reserves.

Board will meet early January to consider privatisation of state enterprises.

The withdrawal of tax exemptions would net the government Rs470 billion over the 3 year reform implementation period.

Believes such actions can hamper privatisation plans.

Rs24b project for automation and repair of British-era irrigation network.

Analysts say less experienced people may undermine PC’s strength.