The government on Wednesday revealed the country’s fiscal health, confirming that the federal budget deficit in the first half of the current fiscal year (July to December) shot up to Rs 1683 billion. The deficit mainly widened because of higher expenditures as the revenue remained better than ...

KARACHI – The State Bank of Pakistan has revised annual growth forecasts to 3-4 percent for the current fiscal year. In the Annual Report, the central bank projects real Gross Domestic Product growth below the previously announced range for the current fiscal year, citing massive floods, and ...

Pakistan s fiscal deficit rose to Rs2.56 trillion or four percent of Gross Domestic Product (GDP) during the nine months of the current fiscal year. The overall budget deficit stood at 3.6 percent of GDP in the same period of the last financial year. In terms of revenue collection, the federal ...

Apparently, in agreement with the International Monetary Fund (IMF), the government is setting inflation, economic growth and fiscal and core deficit targets for the next financial year, following a change in the economic team and encouraging macroeconomic indicators. According to the report, a ...

*ISLAMABAD: Federal Minister for Planning and Development Asad Umar on Friday said that a GDP growth of 4.8 percent has been approved by the federal government for the next fiscal year. * He said this during his visit to the Islamabad Chamber of Commerce today as the government announced that it ...

          ISLAMABAD-Pakistan Tehreek-e-Insaf (PTI) Central Vice President Fehmida Kausar Jamali on Monday said the incumbent government has tried amicably to stabilize the country's fiscal position in its two years governance despite facing many ...

ISLAMABAD-Punjab Assembly today [Friday] passed the provincial budget for the next fiscal year 2020-21 with majority of votes in Lahore on Friday evening. The Punjab Assembly also approved extension in three ordinances besides passing Kohsar University, Murree Bill 2020, Baba Guru Nanak University ...

ISLAMABAD-The Khyber Pakhtunkhwa Assembly in Peshawar passed budget for fiscal year 2020-2021. The assembly approved all demands for grants amounting nine hundred and twenty-three billion rupees. Responding to various cut-motions, Minister for law Sultan Muhammad Khan informed the house that ...

ISLAMABAD-Gilgit Baltistan Assembly today (Monday) approved over 68 billion rupees budget for next fiscal year. In the   budget 35. 8 billion for rupees allocated for non-development and 25 billion rupees development. Winding up debate on Budget, Chief Minister Hafiz Hafeez-ur-Rehman ...

ISLAMABAD-The Khyber Pakthunkhnwa Cabinet with Chief Minister Mehmood Khan in the chair here Friday approved budgetary proposals and estimates with special focus on health sector for fiscal year 2020-21. As per budget proposals, maximum amount were allocated for health, education, agriculture, ...