Assumptions suggest average exchange rate of Rs160.64 to a dollar by end of FY20

Bank president says NPLs are 38% of lending that may erode equity

May impose additional taxes of around Rs150b to achieve collection target

Staff-level report reveals significant increase in power tariff from next month

Sees budget deficit soaring to 7.6%, introduces major changes in loan conditions

Only one foreign investor submits documents amid uncertainty

Violates rules by planning to conduct interviews without taking written test

World Bank urges federal, provincial govts to end distortions in sales tax regimes

Says Pakistan’s programme is on track and has started to bear fruit, but risks remain elevated

Of 15 major industries, seven recorded some growth while the rest shrank