Stories from Shahbaz Rana
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Price relief: Inflation eases, touches six-month low in July
With lower prices, govt will be able to defend monetary stance before IMF.
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Comment: The issue of Pakistan’s chief economist
Government not following system of merit-based appointment; putting in place minions instead
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Funds inflow: Foreign economic assistance beats projection
Except World Bank and UK, disbursements from lenders fall short of expectations.
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PIA bidding: Financial advisers to get Rs456.8 million in fee
Dubai Islamic Bank-led consortium makes the lowest offer among all bidders.
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Falling short: Challenges mount as tax target missed in first month
FBR could collect Rs130b against July’s target of Rs137b.
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First phase: Only 17,000 tax evaders file returns
They were among over 120,000 who got notices from the FBR.
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Govt may bring over 17,000 evaders under tax net
Authorities had issued 120,350 first tax notice, of which 17,314 filed income tax returns, totalling to Rs306 million.
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Future projection: IMF sees 13% depreciation of Pakistani rupee
Average exchange rate for the current fiscal year is being worked out at Rs111.4 to a dollar.
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Refusal to sell shares: Govt puts banker’s name on ECL
The person was called by SBP and told to sell his stake to a blue-eyed banker or face the music.
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Offloading: PC approves plan to sell over a dozen entities
Picks consortium to complete PIA transaction by June 2015.
