Stories from Shahbaz Rana
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New tax measures: PML-N stretches the net to help banks avoid taxes
On the contrary, tax burden on salaried, non-corporate business classes has risen substantially.
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Bailout package: Talks with IMF on Pakistan’s terms, says Dar
IMF team to review the country’s ability to pay back previous loans.
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Govt fails in reducing reliance on foreign assistance
Budgets $5.7b, 137% higher, in external loans and aid for the fiscal year 2013-14.
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In ‘austere’ budget, deficit projected at Rs1.6 trillion
Total outlay of Rs3.6 trillion, increasing the Federal spending only by 0.6% over last year.
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New tax measures to boost revenues by Rs202.6 billion
Govt hopes to increase tax-to-GDP ratio to at least 9.7%.
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Almost all key targets missed
Power crisis hit GDP growth; deficit expected to swell to Rs1.95 trillion.
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Breaks for the elite: Tax exemptions cost exchequer Rs239.5b in FY13
Amount higher than what the country has received under the Kerry-Lugar aid package.
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Uplift budget fattened by Rs282b
Rs615b have been approved for the provincial Annual Development Plans, up by Rs102 billion over the outgoing year.
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Federal Board of Revenue waives penalties on goods importers
Will only have to pay principal amount, move aimed at boosting revenues.
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Weeding out graft: NEC may abolish PM’s discretionary fund
Proposal to be tabled before today’s council meeting; President reconstitutes council.