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Your email address will not be published.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

“Global economic growth to slump to three-decade low”: World Bank

According to the World Bank, the global economy is set to reach…

Elon Musk’s Starlink to launch internet services in Pakistan

On Monday, it emerged that a delegation from Starlink, a US-based broadband…

FBR deputes officials to monitor sugar production, sales

Islamabad: The Federal Board of Revenue (FBR) invoked Section 40-B of the…

Energy relief package prepared for industrial consumers

A relief package to provide electricity to industries across Pakistan at reduced…