Move comes following 21% increase in imports in August compared to July

Major surge in debt came on external front with release of blocked financing

Govt reverses 2-month-old decision taken by earlier ECNEC meeting

Shifts one-third of SOEs’ borrowings from capital market

Hopes to approve schemes in development sector, secure foreign loans

Inflation surges to 27.4% as ministry attempts to downplay sugar crisis

Says inflation outlook has deteriorated with risk to external stability

PM says problems cannot be resolved with tax-to-GDP ratio of just 9%

Kakar says govt will fulfil agreements with multi-national financial institutions

Committee member says use of market is pushing value of dollar up