Stories from Shahbaz Rana
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PTI govt approves mobile phone manufacturing policy
Aims to encourage domestic production to counter security threat
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PTI govt to use Covid-19 fund for interest payment
ECC allows diversion of Rs10b; approves terms of negotiations for debt restructuring to reduce electricity tariffs
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Pakistan's investment ratio dips to 15.4%
Savings ratio improves on back of improvement in external account
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ADB okays $300m loan for Pakistan virus relief
$100m will be used for PPE procurement, $200m to assist poor
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Pakistan to seek $2b in new loans
Fresh borrowing to be made for activities like garbage collection, pension, fiscal reforms
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Pakistan's economy contracts for first time in 68 years
GDP shrinks to $266b, per capita income goes down to $1,366
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PTI govt gets Rs300b bids for Sukuk
Investors oversubscribe Islamic bond by 50% on first day of bidding
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PTI govt to drop unapproved projects from PSDP
Move aimed at complying with law, ensuring better resource utilisation
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NAC fails to agree on economic growth rate
Some members raise objections over methodology used to calculate GDP number
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Govt eases offshore shareholding law
Allows Pakistanis to keep less than 10% shares in offshore firms hidden









