Proposes harsh, inflationary taxation measures to qualify for IMF programme

Amount is insufficient for Rs8tr worth of ongoing and new projects that will take 12 years

Minister of State for Revenue Hammad Azhar will be brief parliament on the budgetory proposals

Significant amount will now be recovered under a deal with the IMF

Finance adviser makes pitch for toughest ever budget

China Development Bank provides $2.23b worth of commercial loans

Targets four million income tax filers in two years

PM’s task force recommends putting privatisation policy on hold

Exporters and local suppliers divided over issue of withdrawal of tax concessions

Could also increase tax on interest income to 30%