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ISLAMABAD: Inflation measured by the Consumer Price Index was recorded at 8.6 per cent during July-April 2020-21 against 11.2 per cent during the same period last year.According to the Economic...
Top Story February 7, 2021 ISLAMABAD: The government has admitted in its fiscal policy statement before Parliament that it breached its envisaged target under Fiscal Responsibility and Debt Limitation Act 2005 for reducing fiscal deficit and maintaining total public debt within prudent limits. In its report submitted before Parliament in its recent session, the Ministry of Finance stated that the federal fiscal deficit excluding grants was recorded at Rs 3,601 billion or 8.6 percent of GDP during financial year 2019-20 thus remaining higher than the threshold prescribed in the Fiscal Respons...