Approves construction of metro bus in Karachi

Study highlights flaws of Pakistan’s system that favours indirect taxation.

Karachi Metro Bus project approved at a revised cost of Rs16.1 billion

Pakistan could ask for exemption from sanctions, settle the money in barter trade.

Says India suspended the dialogue and now it is its responsibility to take an initiative.

Finance minister hopeful of approval in December 17 meeting.

Though the amount is small, it underlines credibility risks for government.

Tax collection for November 2013 lowered by Rs20b to inflate current figures.

Planning and Development Minsitry says the project is approved subject to cost rationalisation

Centre will fully fund Rs15.4b Green Line Bus Rapid Transit System.