Believe step will trigger capital flight, encourage corruption.

New govt yields to pressure, announces raise that will increase civilian pay bill by Rs22b.

Despite its own claims, the new government seems to be following in the footsteps of its predecessors.

On the contrary, tax burden on salaried, non-corporate business classes has risen substantially.

IMF team to review the country’s ability to pay back previous loans.

Budgets $5.7b, 137% higher, in external loans and aid for the fiscal year 2013-14.

Total outlay of Rs3.6 trillion, increasing the Federal spending only by 0.6% over last year.

Govt hopes to increase tax-to-GDP ratio to at least 9.7%.

Power crisis hit GDP growth; deficit expected to swell to Rs1.95 trillion.

Amount higher than what the country has received under the Kerry-Lugar aid package.