Karachi, February 25, 2021: During January 2021, the country’s trade deficit declined by 15 percent MoM to US$2.3 billion, as per the SBP data. Receding import payments (down 12 percent MoM) were the primary reason for the lower trade deficit, where the petroleum group recorded the most significant decline (down 31 percent MoM), followed by…
ACCA’s global survey about public procurement reveals South Asia respondents want polices that give transparency to the public Karachi,7 December 2020: Governments around the world have faced challenges with public procurement due to the COVID-19 crisis, testing their ability and capacity to react quickly and efficiently to deliver life-saving goods and services to the public, asserts a…
Deficit down by 12 percent YoY in 9MFY20 Karachi, May 07, 2020: Pakistan’s fiscal balance in the current fiscal year to date has shown improvement over prior year, with the deficit arriving at PKR 1.7 trillion in 9MFY20 (3.8 percent of GDP) compared to PKR 1.9 trillion in 9MFY19 (5 percent of GDP), down by…
Karachi, May 06, 2020: The government has reported a fiscal deficit of 3.8% of GDP (or Rs1.7trn) in 9MFY20 compared to a fiscal deficit of 5.0% of GDP (Rs1.9trn) in 9MFY19. Importantly, the primary balance during the period clocked in at 0.4% of GDP or Rs194bn (last year was -1.2% of GDP or -Rs463bn), close…
Karachi, February 14, 2020: The government has reported a fiscal deficit of 2.3 percent of GDP in first half of this fiscal year (1HFY20) compared to a fiscal deficit of 2.7 percent of GDP in same period of last fiscal year (1HFY19). Importantly though, the primary balance during the period clocked in at 0.7 percent…