FBR, ministries of commerce, industries against the proposal.

Finance minister calls decision to seek advance taxes from banks ‘a silly move’.

A nation that applies for a bailout and then fails to live up to its conditions, leading to a suspension of payments.

Rs105 billion revenues collected in July 2011, 36% more than last year.

Country to focus on regional markets as demand from US and EU falls.

Most of the ‘cost of doing nothing’ is due to the inefficiency at state-owned firms.

IPPs to make presentation before the panel today.

Special cabinet panel meets to grasp the scope of crisis before proposing solutions.

Planning Commission undertaking ‘rationalisation exercise’.

Cabinet panel decides to sell entire stake in National Power Construction Corporation, Heavy Electrical Complex.