Stories from Shahbaz Rana
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Extending incentives: FBR seeks to waive penalties on illegal tax refund
Move will enable tax body to recover principal, boost revenues.
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Solace among confusion: 5% decline in poverty ‘surprises’ govt
According to the survey, poverty has declined from 17.2 per cent in 2008 to slightly over 12 per cent in 2011.
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‘Unauthorised’ rebasing of economy: Statistics secretary ready to face consequences
Change in methodology cut the size of economy by Rs2.5 trillion.
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Spendthrift ways: Govt consumes 91% of budget in nine months
Budget deficit of Rs1.4 trillion is 6.6 per cent of the total size of the economy.
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Clearing the surplus: Millers to export 200,000 tons of sugar
Govt gives the go-ahead, to also buy same quantity for buffer stock.
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Turning up the heat: Inflation soars to eight month high
Massive increase in fuel prices acts as a catalyst in April.
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Federal treasury: State Bank’s ‘hidden liabilities’ swell to $2.1b
These forward contracts, covered by letters of credit, will mature in a year.
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Controversial GDP number to undergo scrutiny
Pakistan Bureau of Statistics’ move to shift base year sparks debate.
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Bureaucrats removed: Govt pulls plug on lucrative postings at mega schemes
New guidelines to be implemented to save millions of taxpayer rupees.
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Double-counting: GDP overestimated, may be slashed by 10%
Some goods and services were counted twice for last several years, sources say.









