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Fiscal deficit narrows to 8.1pc in last fiscal year

Fiscal deficit narrows to 8.1pc in last fiscal year

The country’s fiscal deficit in the fiscal year 2019-20 stood at 8.1 percent of the GDP, data released by the Ministry of Finance showed on Wednesday. In figures, the budget deficit in FY20 amounted to…

Moody’s upgrade due to government policies

International ratings agency, the Moody’s on Saturday confirmed Pakistan’s ratings at B3 stable changing its stance from the ‘under review’ for downgrade.  “Moody’s Investors Service (“Moody’s”) has today confirmed the Government of Pakistan’s B3 local…