Pakistan Economic Survey - Not a rosy picture
Survey strikes a sour note
Finance adviser makes pitch for toughest ever budget
Cost of war against terror glossed over
China Development Bank provides $2.23b worth of commercial loans
SBP reserves drop 1.85%, go below $8b mark
The decline in reserves was attributed to payments on account of external debt servicing
Pakistan loses record Rs972.4b in tax exemptions
Significant amount will now be recovered under a deal with the IMF
Pakistan’s stock, currency markets jolted
PSX hits three-year low at 34,567.55 points; rupee drops to 150.10
Public debt swells to Rs28.6tr by March-end
Major increase of Rs1.2tr in public debt came from 44% rupee depreciation
FBR opposes tax relief for industry’s revival
Commerce adviser meets PM to seek incentives under tariff rationalisation policy
Installed power production capacity rises
It comes mainly due to setting up of new CPEC power plants
A few segments shine amid dismal industrial growth
Improvement seen in electronics, engineering and wood products
Agriculture sector falls way short of growth target
Grows just 0.85% due to water shortage in FY19 compared to 3.8% target
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