Stories from Shahbaz Rana
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Bumpy start: Currency swap deals, forward contracts have flaws
IMF says these arrangements expose Pakistan to risks.
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Containing the damage: Govt on course, restricts deficit in first two months
Budget gap at 0.8% of GDP, thanks to USF funds, less expenses.
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IMF review: FBR likely to collect Rs130b less than tax target
If lower target is achieved it will still be 21% higher than last year’s collection.
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$6.7b bailout: IMF asks Pakistan to remain firm on deal
Release of tranches linked with meeting performance criteria.
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Election campaign: Previous govt spent $3.5b to stem rupee slide before polls
The amount accounts for up to three-fourth of total loss in currency reserves during FY13.
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FBR picks about 42,000 cases for tax audit
Move aimed at catching taxpayers giving incorrect information.
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Development work: ECNEC approves Rs26b for reviving Pakistan Railways
Several projects with incomplete costing withdrawn, planning committee reprimanded.
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Lender’s report: IMF spotlights risks to Pakistan bailout deal
Violence, country’s track record and Nato drawdown pose near-term crisis: report.
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Reimbursement: US to release $360m under Coalition Support Fund
Islamabad, Washington all set to resume strategic dialogue later this year.
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Economic reform: Political stability and implementation of plans are necessary conditions
Malaysian minister shares economic model to address Pakistan’s complex problems.