Stories from Shahbaz Rana
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ECC okays hike in power prices
Also approves draft of new automobile policy that discourages use of electric vehicles
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Slowdown in LSM growth persists
Large industries post 3.6% expansion during July-October 2021
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Another body set up to solve economic problems
Tarin to head Economic Executive Council with mandate to take corrective measures
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Deadlines for 5 projects extended
CPEC Schemes facing delays due to overall slowdown of work, Covid disruptions
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Rs230b payments to Chinese power plants still pending
Govt also yet to open a revolving fund that will have deposits equal to 21% of power generation cost
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Cabinet to ponder extension for old banknotes
Previous government had banned use of old-design currency notes from Dec 2016
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10 items contribute 33% of import taxes
FBR collects Rs409b in taxes at import stage on petrol, gas, crude oil and others
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Despite 'strangulating' inflation, Tarin says 'no need to panic'
PM's aide says inflation hurt lower-middle-income group the most
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No steps to curb swelling imports
Meeting fails to make policy decision, though Nov imports soar to record $7.8b
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PM appoints 6th finance secretary in 3 years
New secretary to make decisions on key appointments, guarding public purse ahead of polls









