Stories from Shahbaz Rana
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ZTBL, HBFC: Govt to convert loans into equity to improve finances
Both financial institutions owe Rs106.4 billion to central bank.
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FY14: Growth rate was 3.3%, govt admits to IMF
For the public, govt insists economic growth for 2013-14 stood at 4.1% .
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Foreign financing: Pakistan needs $10.8 billion to meet expenses
Most of the money will be spent on paying back foreign loans.
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Bailout review: IMF sets deadline for making SBP fully autonomous
Global lender voices reservations over a proposed SBP amendment bill.
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$6.7b IMF bailout: If needed, Pakistan may introduce mini-budget
The objective IMF mentions is keeping the budget deficit equal to 4.8% of the country’s GDP or Rs1.398 trillion.
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Resolving differences: Businessmen agree to settle trade row with Russia
Will conditionally withdraw their cases against Moscow.
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Clearing hurdles: Govt to renew focus on barter trade with Iran
Joint Economic Council to settle issues including payments for power import.
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Govt lifts ban on import of CNG kits, live animals
ECC also approves release of 60,000 metric tons of wheat for internally displaced persons.
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Social Policy and Development Centre: Think tank finds another hole in budget
Reveals that deficit for FY15 could be Rs2.3t or 7.8% of GDP.
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ECC approves distribution of 60,000 metric tons of wheat among IDPs
The body also lifted bans on import of live animals; CNG cylinders and kits for OEM companies.









