Stories from Shahbaz Rana
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LSM output drops by 7.9%, puts jobs at risk
Restrictions on imports, shortage of raw material and steep currency devaluation rendering business unviable
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Gas consumers to bear interest cost
Govt approves sovereign guarantee for Rs50b borrowing by public gas utility
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Government plods towards IMF deal
PM desires to give Rs150b petrol package to motorcyclists
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Ministers violating austerity policy
Fourteen cabinet members still using luxury vehicles by flouting cabinet’s orders
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FBR project gets poor rating from lender
Misses World Bank target to increase revenues to 17% of the economy’s size
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Funds worth $23b still pending
Mostly delayed due to bureaucratic hurdles, weak implementation
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Dar unable to give firm date for IMF deal
WB urges Pakistan to withdraw Rs340 billion annual subsidies to the rich
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No date given for staff-level agreement with IMF
SBP gov says CAD will close at $7b this year – $1.2b less than IMF forecast
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Govt asked to tax real estate, retailers
High-profile body against putting more burden on sectors already heavily taxed
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Uplift funds diverted for population census
ECC okays transfer of Rs12b reserved for development of climate change, energy and road schemes








