Govt debt soars to Rs 67.8 trillion
In May, Pakistan’s federal government debt surged to Rs67.8 trillion, representing one of the most significant monthly increases on record. The State Bank of Pakistan (SBP) reported this rise, noting that the debt grew by Rs1.73 trillion in just one month, equating to an average increase of Rs56 billion per
What to expect from new budget of Pakistan?
Pakistan’s Federal Budget for the fiscal year 2024-25, amounting to Rs18.9 trillion, will be presented by Finance Minister Muhammad Aurangzeb in the National Assembly at 4pm today (Wednesday). This budget announcement follows the government’s recent acknowledgment that the anticipated economic growth rate of 2.4 percent for the current year falls
