Stories from Shahbaz Rana
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Temporary arrangement: Provinces to receive 80% of sales tax on services
NFC meeting goes ahead despite absence of Punjab, Balochistan FMs.
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Limited access: EU to open gates for Pakistani goods but not for long
The bloc decreases special access to 18 months against initial plans of 36 months.
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Pay for other’s inefficiency: Power consumers to bear interest cost of TFCs
Interest will be around Rs10.6b on certificates worth Rs80b.
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Budget 2012-13: Pakistan includes $1.1b in evasive coalition support
Unconfirmed reports say that an understanding on tax on Nato containers has also been arrived at.
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Budget forecasts: Forex reserves to almost halve by June 2013
Annual plan committee paints a bleak picture for the next fiscal.
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ESCAP report: UN urges Pakistan to subsidise agriculture
Advice at cross purposes with anti-subsidy rhetoric of Bretton-Woods institutions and the US.
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PAC meeting: Watchdog pulls up bureaucrats for car abuse
Observation came following numerous media reports highlighting continuous misuse of cars by top bureaucrats.
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Power sector dues: Govt defaults on sovereign guarantees
Move to affect govt’s creditworthiness; IPPs threaten to take legal action.
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Reverting to old base year: Economy grows by 3.67% this year, but misses target
Growth is around 1% higher than previous estimate of 2.8%.
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Taxmen eye marriage expenses, school fees
FBR also proposes withholding tax on manufacturing to generate Rs100b extra.








