Stories from Shahbaz Rana
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‘Currency closer to equilibrium’ as rupee hits record low
SBP governor says movement in exchange rate is in response to current account deficit challenge
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Irked by PM’s absence, new IMF director cancels visit to Pakistan
Postponement not to have implications for ongoing talks, says IMF official
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Trade deficit widens 29% to $15b, pressure on reserves to persist
Exports during 5-month period increase 10.5%, but foreign shipments into country more than offset surge
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Seventh Joint Cooperation Committee meeting: China prefers Hattar over Rashakai as priority SEZ
Both sides spent considerable time on issue of picking site for industrial zones
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IMF wants safeguards against reckless borrowing, unchecked expenditures
Govt seems unwilling to accept such a condition as it would hurt its functionality
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After debt repayments in coming months, SBP’s own net reserves will be a mere $4.5 billion
Central bank borrowed $5.8b from commercial banks to shore up own kitty
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IMF questions levy of duties, weak tax regime
Expresses concern over govt policy of using regulatory duties as easy source of revenue
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Senate panel seeks details of all tax cases against fertiliser firm
Move comes after a tax officer concealed Rs92b worth of sales of the company
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Sindh millers to get Rs30 billion as subsidy on sugar export sanctioned
Millers’ association in Punjab demands similar incentive amid threats to suspend crushing
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Sheer size of CPEC portfolio appals IMF
Fund’s concerns stem from Pakistan’s weak repayment capacity









