Stories from Shahbaz Rana
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Umar cites economic recovery as measure of growth
Minister credits PM’s Covid strategy for better to good performance
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Foreign loans jump over 35% to $10b
Around 88% of these borrowings were for budget and forex reserves support
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Govt approves plan to fight child stunting
Rs312 billion worth programme to be started in 67 districts across the country
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Govt pitches Rs5.8tr tax target
Informs IMF about proposals of Rs350b additional taxes, 10% hike in salaries
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No tax increase for salaried class in budget, says Tarin
Finance minister also downplays controversy over the provisional economic growth rate of 3.94%
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Investment indicators worsen
Government uses old population figures to work out per capita income
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4% GDP growth beats gloomy forecasts
Agriculture, industrial and services sectors lead recovery
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CCOP shelves plan to sell 10 power distribution firms
Also cancels divestment of PPL and OGDCL shares
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Govt may levy tax on pensions
Tax proposals being fine-tuned ahead of meeting with IMF staff
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Govt delays Covid spending report
Printing deferred as auditors find serious irregularities in expenditures









