Govt likely to present budget next week

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.