Stories from Shahbaz Rana
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The price of red tape: World Bank downgrades BISP rating
Govt has requested more money to convert it into a conditional assistance scheme.
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Profits derailed: Govt agrees to release Rs11.5b to Pakistan Railways
Revenues are meeting only one-fifth of the spending needs. Losses incurred amount to Rs3 billion per month.
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Supplementary budget: Power, debt, security widen gaping budget hole
Parliament approves Rs387b in additional expenditure for the outgoing fiscal year.
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Spanner in the works: Greek debt crisis delays issue of $500m OGDC bonds
Road shows limited to state of Pakistan’s economy, did not offer the bonds.
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Gambit pays off: Budget sails smoothly through parliament
Major features of the finance bill remain intact.
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Fiscal arm-twisting: Government backs down after ADB threat
Lender says it will stop loan if govt transfers SECP’s surplus income to federal fund.
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Major concession : Excise duty abolished, sales tax reduced for importers
Step aimed at encouraging importers to get cargo cleared before June-end, consumers get short end of the stick.
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Teams leave to sell OGDC assets amid opposition
Parliamentary panel, economists oppose selling govt assets for budget financing.
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‘Stable Afghanistan not worth abandoning strategic interests’
German minister quotes Gen Kayani, hesitates to offer more security aid.
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Stagnant growth: Energy shortage stunts growth in large scale manufacturing
Large scale manufacturing fails to record significant progress.








