Stories from Shahbaz Rana
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Budgetary support: ADB asks Pakistan to bring house in order
Wants it to expedite completion of projects, reviews current assistance to Islamabad.
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Asian ‘bridge’: ADB offers financial relief to Pakistan
The bank is expected to release loans against projects to match with the IMF payment schedules.
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Ashraf’s pet projects: NAB opens inquiry in bid to identify facilitators in graft
A sum of Rs2.7b has been spent on these projects without approval from the ECNEC.
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Diamer Bhasha Dam: US approves grant for due diligence, feasibility study
American involvement in project matters more than the funds it will provide, say experts.
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IMF bailout: Provinces agree to spend Rs117b less than budget
Federation-provinces understanding to hinge on FBR meeting tax target of Rs2.475 trillion.
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Sidelining the board, AEDB issues letter of intent for power plants
Board secretary writes letter to power minister, alleges wrongdoing.
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Circular debt: Audit firm hired to uncover overpayment allegations
Industry people claim billions have been overpaid while wiping off circular debt.
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Empowering anti-trust regulator: UN agency proposes financial autonomy for CCP
Islamabad asked to ensure that all its regulatory agencies pay 3% of revenue to CCP funds.
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Special units to be set up in ‘new’ planning ministry
PM approves restructuring to promote trade with China, improve global ranking.
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Investment inflow: Chinese firm to pour $6b into energy projects
Of the total, $2b will be invested in Karachi ventures but no details yet.