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Your email address will not be published.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

Japan’s Nissan quits Russian market

On October 11, the industry and trade ministry in Moscow laid bare…

Gold price decreases by PKR4,300 per tola

Karachi: In line with the international market, the price of gold dropped…

Indian state refiners pause Russian oil purchases, sources say

India’s state refiners have stopped buying Russian oil in the past week…