ISLAMABAD: Debt servicing in Pakistan continued to outstrip spending on defence and development during the first half of the current fiscal year (July–December CFY26), raising concerns over fiscal pressures under the International Monetary Fund (IMF) programme, The News reported on Saturday. Read More: Pakistan hits milestone by repaying debt early According to data released by the Ministry […]
fiscal surplus
Pakistan posts rare fiscal surplus amid strong SBP profits
ISLAMABAD: Pakistan reported a rare fiscal surplus of 1.6% of GDP in the first quarter of the current fiscal year, driven by record interest income from the State Bank of Pakistan (SBP), a 30% increase in petroleum levy collection, and strong provincial cash surpluses. The surplus amounted to Rs2.12 trillion, up 10% from Rs1.896 trillion […]