Times of Islamabad

Pakistan likely to further tighten the fiscal policy: Report

Pakistan likely to further tighten the fiscal policy: Report

ISLAMABAD – Meeting of Monetary and Fiscal Policies Coordination Boardreviewed the fiscal and monetary policies.

The meeting was chaired by Finance Minister Asad Umar.

The on-going adjustment plan for fiscal consolidation was presented to theBoard. While reviewing the fiscal policy, the Board observed that there isfurther scope for tightening of the fiscal stance.

The corrective measures taken by the government, both on the fiscal andquasi fiscal deficit were also discussed during the meeting.