KARACHI: Pakistan’s fiscal balance in the first half (July-December) of the fiscal year 2022/23 posted a deficit of Rs1.683 trillion, 23 per cent YoY higher than the prior year’s deficit. In terms of GDP, the deficit arrived at 2 per cent in the first half of FY23, same as the last year’s corresponding period figure, … Read more
ISLAMABAD: Pakistan’s fiscal deficit narrowed to 0.8 per cent of the Gross Domestic Product (GDP) during the first quarter of the fiscal year 2021/22, according to the monthly Economic Update and Outlook for November released by the Finance Ministry. Last year, the deficit during the period was recorded at 1.1 per cent of GDP, it … Read more
KARACHI: The budget deficit for the first quarter (July-September) of the current fiscal year narrowed to 0.8 per cent of the GDP, compared with the deficit of 1.1 per cent in the same quarter of the last fiscal year, according to details released by the Finance Ministry on Tuesday. The GDP for the fiscal year … Read more
KARACHI: The Pakistan economy has made an encouraging recovery during the last fiscal year but certain structural vulnerabilities still require the government’s attention, the State Bank of Pakistan (SBP) reported in its third quarterly report issued on Friday. In the report titled, The State of Pakistan’s Economy for the fiscal year 2020/21, the central bank … Read more
KARACHI: The Finance Ministry has estimated a 7 per cent fiscal deficit for the outgoing fiscal year, despite reduction in the expenditures and increase in revenues. According to the Economic Survey of Pakistan released on Thursday, the fiscal deficit has been estimated at 7 per cent of GDP during the outgoing fiscal year 2020/21, compared … Read more
Current fiscal deficit of Pakistan reduced by 72.6 percent during first five month of FY 2019-2020. Prime Minister’s Adviser on Finance Abdul Hafeez Sheikh tweeted two different charts to show performance of the government in finance sector. He wrote in his tweet that the current account deficit reduced by seventy three percent during the first … Read more
