Regulator directs delisted companies to buy back minority shares

KPMG audit report found ‘61 delinquent employees’ responsible; NBP ignores central bank’s letter.

Rupee likely to depreciate as a result; country looking to accumulate further reserves

IMF report says these companies will be sold next year

Govt assures IMF any shortfall in revenue will be met with additional tax measures; higher power tariff if SC allows

Macroeconomic success achieved through lower global oil prices

The massive shortfall in tax revenues will further compound govt’s problems

Spending remained Rs91.7 billion till the end of fiscal year.

Govt cuts cost of SROs’ number after lenders claimed Islamabad was not serious about tax reform

Cut in spending meant to meet IMF condition of restricting deficit to 4.9% of GDP.