Stories from Shahbaz Rana
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Govt to collect additional Rs2tr from economy
Aims to achieve tax target of Rs9.2tr, with at least Rs223b in additional taxes
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Coalition partners get big pie of Rs950 billion PSDP
Development budget for FY24 higher by Rs236b compared to outgoing year
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Govt bets on relief, amnesty
Bloated outlay of Rs14.5tr contains Rs7.6tr deficit; Dar terms bill fiscally responsible; rules out new IMF programme
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Govt gives record Rs2.2 trillion in tax exemptions
Tax breaks 28% higher than last year; these will weaken Pakistan’s case for external loans
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Economy slips into stagflation: Pakistan posts meagre 0.29% GDP growth
Dar blames IMF ‘drama’ for undervalued rupee; rules out new deal; vows to restore macroeconomic stability
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Govt may amend law to bring in dollars
ITO amendment likely to raise cap on legally transferrable amount bypassing current unexplained income limits
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Plan to raise $2b via Eurobonds
It will meet funding needs as foreign loans likely to remain thin
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Poll-driven schemes receive lion’s share
NEC endorses plan to close markets by 8pm
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$1tr economy targeted in 2035
Govt aims to slash poverty to 15% under Pakistan Economic Outlook 2035
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ECC okays Rs402b more for debt servicing
Sharp currency devaluation, unexpected payments render allocated budget inadequate








