The $15.7 billion borrowings in fiscal year 2021-22 are higher by nearly 10% over this year’s revised estimates.
IMF
US magazine lauds govt’s efforts saying even US and India faced difficulties in dealing with the pandemic
Proposal to increase tax on fertiliser, import of crude oil under review
From July 2020 to March 2021, the central bank has earned only 497 billion profit while in FY20, the SBP had earned 635.51 billion rupees profit during the same period.
Month of Budget bring forth economic questions for the government.
April Current Account Deficit $ 200 mln, & July-April Surplus $ 800 mln.
Finance Minister Shaukat Tarin said on Wednesday that the International Monetary Fund (IMF) had been informed that Pakistan didn’t currently have the capacity to raise its tariffs or taxes under the IMF programme, adding that the World Bank and IMF had been sympathetic to the point of view.
Things are starting to improve just now, which needs to be consolidated in future.