Stories from Shahbaz Rana
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Public Sector Development Programme: Govt releases Rs437b against the approved Rs525b
Cut in spending meant to meet IMF condition of restricting deficit to 4.9% of GDP.
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July-May: Rs48b spent on Karachi’s nuclear power plants
Money came through China; plants have generation capacity of 2,117MW.
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Unable to implement reforms: Pakistan gets less-than-projected foreign assistance
Receives $4.3b, 57% of the budgeted amount of $7.44b
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IMF gives go-ahead to $506.4 million loan tranche
The IMF board also approves changes in Net International Reserves targets for two quarters
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Seventh review: IMF approves $506m loan tranche for Pakistan
This is the eighth loan tranche to be released by IMF, which is expected to arrive by next week
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Govt faces humiliation over CIB Bill again
Senate committee hands back document, delay may create problems with WB loan.
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Hyderabad and Sukkur: Minus losses, Sindh wants control over power entities
Both entities on active list of privatisation, advisers already hired
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Dishonoured cheque: Heavy Electrical Complex’s privatisation cancelled
Commission considering lodging FIR; Cargill Holdings’ earnest money kept by govt
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Tax proposal: Service providers to pay 8% of revenue as minimum tax
NA to take up proposal today that will increase tax burden on telecom companies
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World Bank approves $188m loan for Guddu barrage
World Bank says loan to improve reliability and safety of Guddu barrage; extend life by another 50 years









