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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