Stories from Shahbaz Rana
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World Bank initiative: Govt requests funds for power project with India
As a result, 500MW of electricity will materialise in three years.
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Tokyo donors, KL programme: Enthusiasm dies down as world lenders fail to honour promises
So far $1.6b has been released out of $12.5b promised in 2009.
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Amid threats of confiscation: Senate panel crafts car amnesty scheme
Recommends regularising non-customs paid vehicles after tax payment.
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In ‘tough times,’ lawmakers double air-travel allowance
Finance secretary pleads to panel not to increase allocations for health, education.
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Sales tax on steel industry reduced
Steel-melting units will pay Rs7 per unit of electricity consumed.
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Senate panel fiercely opposes 1% tax on manufacturing
Asks government to reduce the tax rate to 0.25%.
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Foreign investors in Pakistan: Senate panel for curbs on repatriation of wealth
Suggests time limit, restriction on foreign firms holding major stake in local concerns.
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Military purse may be twice as large as budgeted
Military may be allocated up to Rs913 billion, or one-third of federal budget.
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Austerity gone wrong?: PM House’s garden budget increased by 39%
The allocation has been made despite an official announcement that the premier will soon vacate the PM House.
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Fiscal prudence in election year: Govt defends ‘responsible budget’
Finance minister says it shows the world that Pakistan is a responsible nation, even in times of crisis.









