Miftah says need to go to IMF for a bailout package

Gives incentives to industrialists, stock market as well as importers of coal and LNG

Taxation measures outweigh relief offered to industrialists, agriculturists and salaried

Amount is 2.9% higher than allocation for 2017-18

President Mamnoon Hussain administered oath to Ismail during a ceremony at the Presidency

Reforms made under IMF programme have now been reversed; government doles out relief with elections around the corner

 ‘Report confirmed significant improvement compared with the situation prevailing five years ago’

Economy expands to $313b; per capita income increases to $1,640, income inequality also up

ECC extends financial close deadline for Chinese firm to December 1

Figures reflect improving domestic security situation