Only 20% of total development funds will come from foreign loans

APCC approves major macroeconomic targets; better energy supply, competitive exchange rate to aid growth

Tax hike likely to affect higher income individuals

Will be the highest in country’s history; recommendation will be sent to PM

SBP slashes policy rate by 100 basis points, bringing it down to 7%

Was set at 4.9% of GDP; may need IMF waiver for next loan tranche

After the cut, discount rate stands at its lowest in 42 years

Will not increase BISP stipend but will extend the social security net to facilitate more families

Govt expected to allocate Rs817 billion towards the military, a 10% increase over last year

Move is aimed at curbing the practice of legalising black money by re-routing it through forex companies