Nov 9

Pakistan’s fiscal deficit lowers by 9.5% in first quarter

KARACHI: Pakistan’s fiscal balance in the outgoing first quarter of 2021/2022 posted a deficit of PKR 438 billion, -9.5 per cent YoY lower than prior year’s deficit, according to data released by the finance ministry on Tuesday. In terms of per cent GDP, the deficit arrived at 0.8 per cent in 1QFY22 compared to 1.1 […]

by Mrs. Anjum Shahnawaz

Pakistan’s budget deficit shrinks to 7.1% in FY21

Aug 27

Finance

Pakistan’s budget deficit shrinks to 7.1% in FY21

KARACHI – Pakistan’s fiscal performance for the fiscal year 2020/2021 has shown encouraging signs as the budget deficit has reduced to 7.1 percent of the GDP compared to 8.1 percent in the preceding fiscal year.

by Faisal Shahnawaz

Pakistan’s fiscal deficit narrows in nine months

May 6

Finance

Pakistan’s fiscal deficit narrows in nine months

ISLAMABAD: Pakistan’s fiscal deficit has narrowed to 3.6 percent of the GDP during first nine months (July – March) of the current fiscal year as compared with the deficit of 3.8 percent in the corresponding months of the last fiscal year, according to data released by the finance ministry on Thursday. According to commentary of […]

by Mrs. Anjum Shahnawaz

Mar 1

Finance

Finance ministry hopes achieving annual fiscal targets

ISLAMABAD: The finance ministry is hopeful of achieving annual fiscal targets as half year (July – December) 2020/2021 fiscal position indicates that it will remain on track in the remaining half. The ministry of finance on Monday issued Mid-year Budget Review Report for Fiscal Year 2020/2021. The finance division said that the fiscal consolidation measures […]

by Mrs. Anjum Shahnawaz

Feb 3

Finance

Budget deficit widens to 2.5 percent in first half: finance ministry

ISLAMABAD: The budget deficit has widened to 2.5 percent of the GDP during first half (July – December) of the current fiscal year 2020/2021 as compared with the deficit of 2.3 percent in the corresponding half of the last fiscal year, according to statistics released by the ministry of finance on Wednesday. According to the […]

by Mrs. Anjum Shahnawaz

Pakistan’s fiscal deficit narrows to 8.1 percent in FY20

Aug 12

Finance

Pakistan’s fiscal deficit narrows to 8.1 percent in FY20

KARACHI: Pakistan’s budget deficit narrowed to 8.1 percent in FY20 (2019/2020) as compared with the deficit of 8.9 percent in the preceding fiscal year, according to statistics released by the ministry of finance on Wednesday. Analysts Topline Securities said that as the deficit is lower than the 9.1 percent of GDP envisaged by the government […]

by Mrs. Anjum Shahnawaz

Fiscal deficit contracts at 3.8pc in first nine months

May 6

Finance

Fiscal deficit contracts at 3.8pc in first nine months

ISLAMABAD: The fiscal deficit has contracted at 3.8 percent during first nine months of current fiscal year. The budget deficit was 5 percent in the same moths of the last fiscal year. Analysts at Topline Securities said that importantly, the primary balance during the period clocked in at 0.4 percent of GDP or Rs194 billion […]

by Faisal Shahnawaz

Fiscal deficit narrows at 2.3% in first half 2019/2020

Feb 14

Finance

Fiscal deficit narrows at 2.3% in first half 2019/2020

KARACHI: The ministry of finance on Friday said that the fiscal deficit narrowed at 2.3 percent of the GDP during first half (July – December) 2019/2020 as compared with 2.7 percent in the corresponding half of the last fiscal year. Analysts at Topline Securities said importantly though, the primary balance during the period clocked in […]

by Mrs. Anjum Shahnawaz

Fiscal deficit balloons to record 8.9 percent in 2018/2019

Aug 27

Finance

Fiscal deficit balloons to record 8.9 percent in 2018/2019

KARACHI: The fiscal deficit of the country has increased to record level of 8.9 percent in fiscal year 2018/2019, according to statistics released by the federal finance ministry on Tuesday. Analysts Topline Securities said that the government had reported fourth quarter of fiscal year 2018/2019 fiscal deficit of 3.9 percent of GDP, taking full year […]

by Mrs. Anjum Shahnawaz

Budget 2019/2020: Rs5,550 billion tax collection target set to reduce fiscal deficit

Jun 12

2019-2020, Budget, Finance

Budget 2019/2020: Rs5,550 billion tax collection target set to reduce fiscal deficit

ISLAMABAD: State Minister for Revenue Muhammad Hammad Azhar on Tuesday said that the government has set a challenging target of Rs5,550 billion revenue collection target for Federal Board of Revenue (FBR) in order to reduce the fiscal deficit. Presenting budget for fiscal year 2019/2020 on floor of house, the state minister said that by reducing […]

by Mrs. Anjum Shahnawaz