Is the government exaggerating the quantum of economic growth, or is the ‘surprise’ merely due to the phenomenon of ‘base effect’? The National Accounts Committee (NAC) of Pakistan, in its 103rd meeting on Friday 21st May, approved provisional estimates of GDP growth as 3.94% for the fiscal year 2020-21. This was widely reported as a […]
910SharesMinistry of Defence has forwarded a letter to Finance Ministry, seeking 20 percent increase in the salaries of Armed Forces for the Fiscal Year (FY) 2020-2021. “Armed Forces personnel are being affected by due to current price hike owing to the devaluation of rupee, increase in utility bills and ongoing inflation,” the recommendation letter said. […]
8SharesFigures by the Ministry Of Finance have projected that the government of Pakistan Tehreek-e-Insaf would add a public debt of Rs19.3 trillion in its five-year term. According to a report in Express Tribune, the debt would equal 80 percent of the total debt piled in the past 71 years. The public debt at the end […]