Stories from Shahbaz Rana
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Trade deficit shrinks to $13.1b
$6.4 billion cut in deficit now equals 78% of existing foreign exchange reserves
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Wheat subsidy for 40% G-B population goes
ECC decides to recover additional Rs17b from domestic gas consumers to subsidise fertiliser plants
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PIA debt burden shifted to taxpayers
Govt backtracks; agrees to making principal, interest payments from budget
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Caretakers also leave double-digit inflation
Jan inflation stands high at 28.3%, in line with finance ministry’s projection
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FBR misses monthly target by 1.3%
Under IMF arrangement, shortfall of over 1% may necessitate a mini-budget
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Inflation to stay at 28.5% despite ‘economic stabilisation’
Monthly outlook report anticipates inflation to remain around 27.5% in Feb
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Debt exceeds legal limit by Rs14.5tr
Finance ministry conceals critical information, violates fiscal laws
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Cabinet, ECP at odds over FBR overhaul
Commission says move beyond interim set-up’s mandate
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Govt seeks $30b for gas production
Aims to rein in swelling energy import bill that will double in seven years
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Budget deficit surges over 50%
IMF programme becomes root problem, prevents SBP from lowering key rate