Dar gives assurances he would implement charges after it was unable to privatise power distribution companies

Lending agency will give around $2b per annum; final disbursement will depend on projects’ readiness

Bajwa will be the third bureaucrat to be appointed as head of the central bank

Says turmoil in the currency market a result of the communication gap

Development comes as centre looks to cover shortfall in revenues due to US withholding CSF disbursements

Finance minister terms plunge as manipulation, central bank says market has adjusted

Country’s reliance on borrowing from commercial banks increased

Newly appointed official faces many challenges including delivering on tax collection target for FY18

Some critical schemes also have had their allocations curtailed in fiscal year 2016-17

Low prices of oil and commodities in international markets among reasons for low rate