Stories from Shahbaz Rana
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Govt borrowing to rise 84% to record Rs43.5tr in FY20
The money will be spent on repaying maturing public debt and bearing interest cost
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Govt announces major taxation concessions
Slaps federal excise duty on all imported cars including ones used by middle income groups
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Govt gives Rs20b tax relief to richest class
Reduces tax liability on inter-corporate dividends by amending Section 103C of IT Ord
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Qatar also offers US $3 billion to Pakistan
Loan from Gulf country to come in shape of deposits and direct investments
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Govt’s foreign borrowing soars to $9.5b in 11 months
Fails to meet annual projection of $9.3b in foreign loans
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Govt quietly offers tax amnesty to realty sector
Allows investors to legalise tax-evaded money at just 4% of property value
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Govt set to go public with data of 53 million people
Effectiveness of this move may be minimised as data has not been transformed to actionable information
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Senate panel rejects most clauses in Finance Bill
Recommends fixing of exchange rate at Rs151 to a dollar, interest rate at 9%
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Asad Umar discloses IMF demands for loan package
Says final agreement reflects concessions that Pakistan won in negotiations
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Rs40,000 prize bond to be discontinued
Govt gives 9 months to prize bond holders to convert their saving instruments









