Fiscal deficit: OICCI submits proposals to Aurangzeb ISLAMABAD: The Overseas Investors Chamber of Commerce and Industry (OICCI) has submitted proposals to the government... Updated 22 Mar, 2024 09:46am
Business & Finance ‘Disparity between wealthy & impoverished is swiftly widening’ KARACHI: Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, Mian... Published 20 Jan, 2024 05:18am
Print Budgetary support during Jul 1-Dec 16, 2023 period: Govt borrowing jumps 200pc to Rs2.876trn YoY Entire amount was borrowed from the SBP and scheduled banks to finance the fiscal deficit Updated 27 Dec, 2023 09:54am
Opinion Crisis is the moment for home-grown solutions Containment of fiscal deficit should be and is the first priority. In this respect extensive data released on Q1... Updated 06 Nov, 2023 06:11am
Print Fiscal adjustment hamstrung by interest payments Ministry of Planning, Development and Special Initiatives says economy has slowly and steadily started recovering from the downturn in growth Updated 04 Oct, 2023 10:00am
Editorials There’s always a smell of shenanigans in the air EDITORIAL: The government is desperate to fill the growing fiscal gaps. The space to finance a continuously high... Published 02 Oct, 2023 06:33am
Print Fiscal consolidation: Ministries, divisions asked to strictly adhere to funds release strategy ISLAMABAD: Secretary Finance, Imdad Ullah Bosal has asked ministries and divisions to strictly adhere to the funds... Updated 24 Sep, 2023 09:15am
Business & Finance Debt piling up: Borrowing reliance surging to finance twin deficits: World Bank ISLAMABAD: The World Bank on Friday said Pakistan’s economic model is unsuitable because the country’s borrowing... Published 23 Sep, 2023 05:58am
Print Rising debt servicing emerges as hindrance: Projection of cut in C/A deficit subject to certain risks ISLAMABAD: The government projection of a reduction in the current account deficit to US$ 3.7 billion is subject to... Updated 01 Sep, 2023 09:11am
Print Shamshad highlights importance of reducing fiscal deficit KARACHI: Federal Minister for Finance and Revenue, Dr Shamshad Akhtar, Thursday reiterated the government’s... Updated 01 Sep, 2023 09:16am
Print Budgetary support: Govt borrows Rs500bn from banks in 2 weeks: SBP Says federal government's borrowing for budgetary support rose by 218 percent during the initial two weeks of this fiscal year Updated 26 Jul, 2023 01:00pm
World India meets FY2023 fiscal deficit target of 6.4% NEW DELHI: India’s fiscal deficit for the financial year ended March 31 touched 17.3 trillion rupees ($209.46... Published 31 May, 2023 05:17pm
BR Research Pulpy taxation The government is lately imposing a tax on every item they can find in the formal sector. Government debt is... Published 29 May, 2023 08:43am
Pakistan Macroeconomic conditions deteriorated during first half FY23: SBP Central bank says adverse global economic conditions, uncertainty surrounding IMF programme are major concerns Published 19 May, 2023 05:05pm
Print May-July: govt intends to borrow record Rs9.4trn Presently, government is the single largest borrower from commercial banks Updated 13 May, 2023 02:47pm
Print Fiscal deficit for Jul-Mar reaches 3.7pc of GDP ISLAMABAD: The government has closed the first nine months (July-March 2023) of the current fiscal year with the... Updated 06 May, 2023 08:55am
Pakistan Pakistan’s economic growth to decelerate to 0.6% in FY23: ADB Depending on a fast return to stability twinned with robust macroeconomic and structural reforms, country can bounce back: Asian Development Bank Updated 04 Apr, 2023 08:38pm
Print MoF lists factors causing fiscal deficit crisis ISLAMABAD: The Finance Ministry has stated that the sharp (V-shaped) economic recovery after the control of... Updated 04 Apr, 2023 09:02am
Opinion ‘Debt and fiscal space’ Business Recorder op-ed writer Dr Omer Javed deserves a lot of praise for articulating a highly informed argument on... Published 25 Feb, 2023 06:23am
Print Finance (Supplementary) Bill, 2023 adopted: NA acquiesces to IMF tax stipulation Finance Minister Ishaq Dar says bill proposed to minimise fiscal deficit Updated 21 Feb, 2023 12:01pm
Opinion The Finance (Supplementary) Bill 2023: a comment General: The Finance Minister has laid Finance (Supplementary) Bill 2023 on the floor of the Parliament. (National... Published 17 Feb, 2023 06:00am
Print First six months: Fiscal deficit swells to 2pc of GDP ISLAMABAD: Fiscal deficit has been recorded at two per cent of the GDP or Rs1,683 billion during the first six ... Updated 09 Feb, 2023 08:41am
Editorials Austerity committee: austere approach? EDITORIAL: The government has constituted a National Austerity Committee (NAC) with the objective of compiling a ... Published 26 Jan, 2023 05:58am
Business & Finance ‘Austerity Committee’ constituted ISLAMABAD: The government has constituted National Austerity Committee on Friday to take austerity measures for... Published 21 Jan, 2023 07:09am
World Bulgaria expects fiscal deficit of 1% of GDP for 2022 SOFIA: Bulgaria expects to end 2022 with a fiscal deficit of 1.5 billion levs ($821.11 million), equal to 1.0% of... Published 31 Dec, 2022 12:45pm
Business & Finance Q1 fiscal deficit soars to 1pc of GDP from 0.7pc of GDP YoY ISLAMABAD: The government has closed the first quarter of the current fiscal year with one percent of GDP fiscal... Published 06 Nov, 2022 03:44am
Print Jul 1-Sept 2 govt borrowing rises 21pc to Rs58bn YoY KARACHI: The borrowing for budgetary support rose by 21 percent during a little over first two months of this fiscal... Updated 17 Sep, 2022 09:57am
Opinion Fiscal performance in 2021-22 The results of fiscal operations for 2021-22 have been released. It is a spectacle of one of the worst fiscal... Published 24 Aug, 2022 05:08am
Opinion FY2023: An auspicious start Around mid-July, Pak-istan witnessed most volatile conditions in the forex market. Political turmoil, delays in... Published 11 Aug, 2022 04:35am
Business & Finance Rs 466.5bn raised via auction for MTBs KARACHI: The federal government on Wednesday raised Rs 466.5 billion from the domestic banking system through the... Published 11 Aug, 2022 04:35am