In FY22 alone, country offered Rs1.7tr tax exemptions to affluent, foreign investors

Demand comes before payment of around Rs300b to Chinese power plants

NEC approves Rs2.23 trillion bloated national development outlay

58% of the budget to be spent only on debt servicing and defence

Govt planning to levy 1% tax on overseas payments via credit, debit cards

Apparently, govt prefers electoral priorities over fiscal prudence

Also mulling increasing additional tax on profits from lending to govt

Disregarding the country’s thin fiscal position, federal govt has proposed Rs60 billion for parliamentarians’ schemes

APCC sets 11.5% inflation target, expects economic growth to slow down to 5%

The hike, to over Rs1.45 trillion, to meet the needs of the armed forces including enhanced salary requirements