Stories from Shahbaz Rana
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In appeasement: Govt slashes sales tax on purchases from unregistered persons
Decision taken alongside other ‘relief’ measures.
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Constitutional amendment: Dar wants exiting govts to clear liabilities
Says govt took unpopular decisions to put economy back on track.
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Poverty alleviation: ADB posts progress on development goals
Failures outweigh gains as Pakistan posts questionable results
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Russia expresses willingness to invest in energy sector
Offers electricity export that can be increased to 5,000 megawatts.
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Bumpy start: Currency swap deals, forward contracts have flaws
IMF says these arrangements expose Pakistan to risks.
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Containing the damage: Govt on course, restricts deficit in first two months
Budget gap at 0.8% of GDP, thanks to USF funds, less expenses.
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IMF review: FBR likely to collect Rs130b less than tax target
If lower target is achieved it will still be 21% higher than last year’s collection.
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$6.7b bailout: IMF asks Pakistan to remain firm on deal
Release of tranches linked with meeting performance criteria.
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Election campaign: Previous govt spent $3.5b to stem rupee slide before polls
The amount accounts for up to three-fourth of total loss in currency reserves during FY13.
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FBR picks about 42,000 cases for tax audit
Move aimed at catching taxpayers giving incorrect information.