Tag Archives: Big hike in SBP profit helps cut fiscal deficit to 2.3pc of GDP

ISLAMABAD: A massive surge of about 600 per cent in profit of the central bank and 221pc increase in the non-tax revenue served to contain the country’s fiscal deficit in the first half of the current fiscal year (July to December 2019) to Rs995 billion, or 2.3pc of its gross domestic product (GDP), despite a record revenue shortfall. The overall …

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