Stories from Shahbaz Rana
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Trouble ahead: As loans fail to materialise, possibility of default rises
With not enough external funding to finance balance of payments deficit, forex reserves to come under great pressure.
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Premier told he has been handed an economy on the verge of collapse
For a change, economic managers provide a candid picture of troubles faced.
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Upcoming polls: FBR cell to help place poll bar on tax cheats
Move to assist ECP in alienating defaulters from taxpayers.
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Politically-motivated appointment?: ECP directs removal of State Bank deputy governor
Has reason to believe Wathra may obstruct process of isolating loan defaulters.
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Post-2015: Provinces may foot part of defence bill
The proposal will be discussed once talks for 8th NFC Award formally kick off.
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Making the tough calls: Outgoing govt leaves tariff increase to interim setup
Will ask caretaker cabinet to cut subsidy, raise electricity price by 12%.
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Ledgers and losses: Watchdog gets through only 1% of govt’s Rs3tr budget
Federal ministries show the most losses.
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Neelum Jhelum: Banks losing interest in financing major dam
Give no commitment as WAPDA seeks a loan of $500 million.
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Eight-month performance: Govt spends about Rs950b more than its income
Deficit widening due to hefty subsidies, costly borrowing and falling tax revenues.
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Budget paper: Extra billions given to army acknowledged
Rs200b annual burden likely to be passed on to taxpayers.