Stories from Shahbaz Rana
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Key projects: PAC smells corruption in use of foreign funds
Members fear projects financed via Kerry-Lugar package could be subject to financial impropriety.
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All in a day’s work: ECC okays errant clause in Qadirpur gas price agreement
Allows unlimited export of sugar, PPL’s acquisition of Tullow assets in South Asia.
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Winning votes?: PIDC funds to be diverted to PM, deputy PM’s constituencies
Government apparently considering giving out funds as cash stipends to over 5,000 people in their constituencies.
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Redirecting funds: To accommodate PM, govt slashes FATA budget by Rs4b
Annual allocation of Rs16b cut by one-fourth; funds to be used in PM’s discretionary fund.
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Access to Justice Programme: PAC goes soft on judicial academy’s car purchases
Conditionally condones irregular purchase of imported vehicles during ban.
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Financial irregularities: PAC orders recovery of misspent EPI funds
Audit report shows former health minister used money from the programme’s budget for vehicle maintenance.
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Tehran visit: Zardari likely to take up unmet $330m Iranian pledge
Iran promised amount in 2009, but none of it has been received by Pakistan.
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Fading away in value: Speculators behind turmoil in currency market
Ministry says market players exploiting loan payments, but reserves are adequate.
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Bucking the trend: Inflation hits lowest level in five and a half years
Statistics secretary says better supply of food items keeps inflation at 6.9%.
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Development budget: Government breaches limit on release of funds
Money disbursed apparently on political grounds, strategic projects miss out.