Widening macroeconomic crisis forces Dutch oil company to sell shareholding
Analyst says 'increasing risks that Pakistan may be unable to complete IMF programme that expires on June 30'
4.4% lower compared to the $2.19 billion recorded in April 2023
Central bank keeps policy rate unchanged at record high of 21%
'Inflation peaked at 38% in May, expected to decline June onwards'
Proposes Rs2.24 trillion budget outlay with overwhelming deficit of Rs37.79 billion
Experts argue that the govt has chosen to burden the already overtaxed corporate sector
Dar proposes several tax measures perceived as ‘neutral to negative’ for the stock market
Says devaluation is the mother of all economic problems
Says govt cannot generate additional tax revenue in current testing times