Karachi: Assuming record high markup cost due to high interest rate, the coalition government is likely to present a Rs. 13-15 trillion budget for the fiscal year 2023-24. The report said that the government was expected to set the target of Rs. 9-9.2 trillion for the fiscal year 2023-24, up 21% from the target of Rs. 7.5 trillion set for the current fiscal year. “This uncertainty on financing US dollar funding gap is creating nervousness in currency, bond, and stock markets,” the report said.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Trump strikes trade deal with Japan to cut tariffs

The United States and Japan struck a deal to lower the hefty…

Gold price per tola downslides

Islamabad: The per tola price of 24 karat gold decreased by Rs.…

Oil rises as Russia cuts output after Western price cap

Oil contracts rebounded on Friday after Russia announced it would slash its…