Recent Posts

Government Rejects Rs7.3 Billion Grant for PIA Amid IMF Commitments

The recent decision by the federal government to reject a proposal for a Rs7.3 billion grant to aid Pakistan International Airlines (PIA) has sparked a wave of concerns and discussions, especially given the airline’s ongoing struggles with debt and legal disputes. This move aligns with the government’s commitments to the International Monetary Fund (IMF), emphasizing the complexities faced by PIA …

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Government Reports 0.9% Budget Deficit in 1Q 2023-24 Fiscal Year

In a recent announcement, the Finance Ministry has revealed that the government closed the first quarter of the current fiscal year (July-Sept 2023-24) with a budget deficit of 0.9 percent of the Gross Domestic Product (GDP) or Rs 962.801 billion. Budget Deficit Analysis: The consolidated data of fiscal operations, made public by the Finance Ministry, shows that during the first …

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