Pakistan Finance Minister Warns Protests Could Cause Rs120bn Daily Economic Loss
Finance Minister Muhammad Aurangzeb says proposed protests and sit-ins could cause around Rs120bn in daily economic losses, with services, industry and agriculture among affected sectors.
Fuel Subsidy Diverts Hit Pakistan Public Sector Development Programme
The federal government utilized only fifty three percent of its original public sector development budget after slashing tranches to fund sudden emergency fuel subsidies.
Pakistan Government Slashes Development Spending to Rs837 Billion to Meet IMF Targets
The federal government has reduced the Public Sector Development Programme by Rs172.8 billion to manage fiscal pressures and fulfill IMF primary surplus requirements.