Stories from Shahbaz Rana
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ECC okays 48% urea price differential
Also succumbed to OMCs’ demands, withdrew decision to cap premium on diesel
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Only $4.2b in foreign loans arrive
Borrowing options remain limited in face of higher cost, delay in meeting conditions
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‘Unrealistic’ flood cost baffles IMF
Govt concedes to donor’s demand to share reconstruction estimates
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$30b flood assessment grossly flawed
Foreign-funded report ignores flood-hit population
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Pakistan’s debt skyrockets to Rs62.5tr
Debt mismanagement, rupee devaluation, high interest rates push debt to record high
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Utility stores’ subsidy package cut by 56%
Govt approves Rs10.8b subsidy for provision of cheaper essential goods to consumers
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Court summons FBR chief in tax case
Finds legal issues in imposing 20% deemed income tax on real estate
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Rs531b agri package okayed
ECC defers Rs180b subsidy on electricity
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Delay in IMF visit over flood impact on budget
Global lender’s team may come to Pakistan this month for review of loan programme
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Deficit to fall below $10b: SBP chief
Current account deficit projection is nearly half of World Bank forecast









