Budget deficit hits six-year high at PKR 1.03tr.

The budget deficit hit a six-year high at Rs1.03 trillion, or 2.7percent of the total size of national economy, in first half of the current fiscal year due to a double-digit growth in defence and debt spending, and negligible improvement in revenues. The budget deficit in the first half of FY19, when the Pakistan Tehreek-e-Insaf (PTI) came to power, was worse than the deficits recorded in the July-December period of previous years, when Pakistan Muslim...