Pakistan’s Senate has returned Rs1.436 billion to the national exchequer after implementing a year-long austerity programme. The savings exceeded the Finance Division’s target by 500 percent and represented 15.9 percent of the Senate’s annual budget. The achievement highlights efforts to strengthen fiscal discipline amid ongoing economic challenges. According to a statement issued by the Senate […]
fiscal discipline Pakistan
IMF urges strict reforms in Pakistan economy
The International Monetary Fund has urged Pakistan to adopt strict fiscal discipline and continue structural reforms to ensure long-term economic stability. The warning comes amid rising global uncertainty and regional geopolitical tensions affecting energy and trade markets. IMF representative International Monetary Fund official Dr Maarten Bijl stressed that cautious monetary and fiscal policies are essential […]