Stories from Shahbaz Rana
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Tough talk: IMF says meeting conditions must for release of tranches
IMF executive says waivers should not be expected by Islamabad.
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Cost overruns: WAPDA presents bloated cost of Kachhi Canal Project
Delays and tripling of costs lead to speculations about corruption and mismanagement.
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IMF’s condition: Pakistan agrees to slice budget deficit target
This will result in a sharp cut of Rs130 billion on budget approved by parliament.
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No to devaluation : Finance minister rejects report projecting rupee fall
Denies any deal with the lender on currency depreciation.
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Rescue plan: Government approves Rs25.7b bailout for Railways
CDWP shows commitment to revive SOE, also approves projects worth billions.
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Still the majority shareholder: ECC finally lays out a plan for steel mills
Decides to sell a minority stake with management control and inject Rs3 billion.
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Poverty level: Calculation methodology comes under scrutiny
Govt to take political parties on board to address concerns about data.
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New electricity rate: Farmers win power subsidy bonanza
The Rs23b package comes a day after IMF approved a bailout plan for the country and could invite the lender’s scrutiny
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Loan conditions: IMF delegation to solicit assurances of compliance
Govt will have to commit to implementing politically unpopular reforms.
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Financial respite: IMF bails out cash-strapped Pakistan
Executive Board approves $6.7 billion loan; Islamabad to receive $540 million immediately.









