Offer based on condition that exports will be pushed up by 5% by June-end

Shortfall was alarmingly 71% of annual projections of $20.5b

Highly understaffed audit wing, challenges in courts among problems

ECC okays similar concessions for Karachi, Peshawar, and Quetta transit projects

NBP president presents bank’s version to standing committee on finance and revenue

Also extends similar tax breaks to rail-based mass transit schemes in other provincial capitals

If offered, it will be the fourth such scheme introduced by the present political dispensation

Only 5,000MW out of 8,810MW will be available by next year.

Lender is likely to hold talks with Pakistani officials on Feb 23

Two-thirds of the amount given to four priority sectors, compromising other critical areas like water security