Stories from Shahbaz Rana
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Inflation falls sharply, undercuts tight policy
PBS data puts average inflation at 3.3% in rural areas and 5.3% in urban centres
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Import duties on food, auto cut
Food chains, vehicle importers, and sugar millers will benefit from reduction
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Taxed to the limit, still in the red: govt misses target by a mile
FBR missed revenue collection target by Rs1.2tr despite showing 26% growth
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Worker exodus grows by 12% in May
Ministry reports 2.7% GDP growth, while 285,370 jobseekers exited country in JanMay
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$3.7 billion loan deals finalised with China
Accords will also help meet IMF commitment
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Govt reverses tariff cuts on imports
Duties reinstated on 285 items; phased reduction plan slowed to avoid job loss
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Fixed gas charges jacked up by 50%
The prices were changed to meet a condition of the International Monetary Fund to biannually adjust the gas prices
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Govt admits poor SOE governance
Cumulative losses of state firms increased to record Rs5.9tr by Dec 2024
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Govt urged to end bank subsidies
EPBD says Rs7.2tr in guaranteed returns to banks must be redirected to industry, urges 6% policy rate
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NA passes Finance Bill with Rs463b new taxes
House okays Rs17.6tr budget with PPPP support; All amendments moved by opposition rejected