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Your email address will not be published.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

Govt taking steps to avert gas crisis: Hammad Azhar

ISLAMABAD: On Nov 1, Energy Minister Hammad Azhar stated that the government…

Prices of life-saving drugs hiked

In a major blow to the inflation-hit people of the country, the…

UAE-India non-oil trade to top $50bn this year: Al Zeyoudi

It emerged that non-oil trade between the UAE and India was expected…