Stories from Shahbaz Rana
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IMF seeks hike in power prices
Also asks for additional revenue measures to revive programme
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World Bank forecasts 0.5% growth rate
Report says pandemic compounded Pakistan’s economic woes
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ECC allows wheat import from Russia
Forms committee for negotiating wheat price with Moscow for more imports
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Govt okays project to fight locust
Move flouts law that calls for due diligence before launching mega schemes
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Trade deficit expands to $5.8b during July-Sept 2020
Increases $115m as imports surge and exports contract
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Waqar Masood named revenue aide
Main challenges are to become bridge between FBR and Q Block, enhance revenues
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Punjab govt risks WB loan for regulating milk, meat prices
Under a WB condition, govt should let the market forces decide instead of fixing prices itself
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ECC allows wheat import from Russia
Decision comes amid reservations about high price, using Russian ships for shipment
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Exposure to external debt mounts
Share of foreign currency debt increases to 36% of Pakistan’s total debt
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ECC approves double-digit increase in power, gas tariff
Electricity rates up by up to 17%; gas by nearly 15%