Fiscal deficit for outgoing year to close at 6.2% of GDP, not 5.7%, as declared by the finance ministry.

Govt mulls ban on purchase of vehicles for development projects.

Provinces deny agriculture tax collection rights to FBR.

Defaulters use political connections to pressurise tax officials.

Govern­ment vows to stand firm and implem­ent its propos­ed fiscal framew­ork.

Federal Board of Revenue to launch taxpayer audit from July 1.

Electricity tariff, sugar prices at utility stores to rise.

Tax on defence sales imposed, sales tax reduced to 16%, withholding tax on cash withdrawal cut to 0.2%.

Govt set to spend Rs2.8 trillion, removes several tax exemptions, restricts expenditure growth to below inflation.

The amount is Rs37b more than US aid for the year.