Government on Friday dissolves bleeding Pepco to follow crucial IMF diktat and also hikes electricity prices by 2%.

EU to unveil a more coherent multi-sectoral strategy for supporting the reconstruction of flood-ravaged areas.

Pakistan will spend about $3.3 billion this year on repaying foreign loans and interest accrued on them.

Provinces fail to resolve a dispute over water distribution formula for the upcoming Rabi season.

The Planning Commission rejects “aid-ridden growth model” and proposes a market-driven model.

Centre distributes Rs136 against a collection of every Rs100 on account of tax on services.

The government decides to lower the tax rate by 2 per cent but will keep the higher rate intact for the current year.

Centre, provinces agree to impose sales tax on services paving way for restoration of $11.3b IMF bail-out programme.

Govt promises to pick up losses incurred by any province that shows flexibility.

Occasional riots in Karachi and economic mismanagement at the Centre adversely affects revenue collection efforts.