Stories from Shahbaz Rana
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Govt fails to amend wealth fund law
IMF seeks changes in Act to bring transparency, ensure competitive process for SOE sales
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Govt takes shine off pension benefits
Notifications issued to discontinue multiple pensions
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Imports cross $5 billion after two years
Trade deficit widens 35% in December as imports grow
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Inflation eases to 4.1% in December
SBP can cut policy rate further without fiscal, external sector risks
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Pakistan misses tax receipt target
FBR manages to restrict tax collection shortfall to Rs386b
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Economic growth slows to 0.92%
In the previous quarter (April-June), economic growth stood at 3.3%.
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IMF-induced relative economic stability restored in 2024
Salaried class pushed to edge after govt and IMF increased tax burden to 39%
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FBR brings reforms to clearance system without any loan
Faceless assessment substantially reduces container clearance time, curbs arm twisting
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Cabinet removes 15% additional tax on banks
Increases standard income tax to 44% to largely recoup tax losses
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Inflation likely to slow down to 4% in December
Finance ministry cites stability on fiscal and external fronts, which indicates optimistic outlook