Loan

The inflow will increase sliding foreign exchange reserves, says Finance Minister Miftah Ismail

Budget sized increased by Rs400b to Rs9.9tr

FBR chief hints at increasing income tax rates for upper middle income to rich groups

Pakistan is in deep trouble because of consistently bad choices with loans

Minister says much-need hard cash to help stabilise exchange rate

Programme will support govt’s efforts to implement high priorities from its Ehsaas Programme

Financing risk of banks will be secured through mortgage of project land based on specific arrangements with builders

Both sides sign agreement on highly concessional rates with 25-year repayment period

Increase comes following receipt of $1b from China, $440m from World Bank

Stops disbursement of loan due to delay in implementation of conditions