Foreign exchange reserves dip below $3b after paying off $1b Chinese loan

Finance ministry plans to increase oil levy from Rs50 to Rs60 per litre

Minister says no check on $100,000 inflows

Dar informs Chinese envoy about thin prospects of reviving IMF programme

Disclosure marks first official acknowledgement about country’s debt quagmire

Aims to achieve tax target of Rs9.2tr, with at least Rs223b in additional taxes

Development budget for FY24 higher by Rs236b compared to outgoing year

Bloated outlay of Rs14.5tr contains Rs7.6tr deficit; Dar terms bill fiscally responsible; rules out new IMF programme

Tax breaks 28% higher than last year; these will weaken Pakistan’s case for external loans

Dar blames IMF ‘drama’ for undervalued rupee; rules out new deal; vows to restore macroeconomic stability