Pakistan’s Budget Isn’t Enough to Unlock IMF Loan, Citi Says - @business
#Pakistan’s plan to trim its #deficit by slashing spending may not be enough to convince the International Monetary Fund to resume its loan program, according to economists at Citigroup Inc.
#economy
#Pakistan’s plan to trim its #deficit by slashing spending may not be enough to convince the International Monetary Fund to resume its loan program, according to economists at Citigroup Inc.
#economy
The tax-to-GDP ratio is budgeted to rise to 9.2% of gross domestic product in the year starting July 1 from 8.6%, which seems low versus Pakistan’s emerging market peers and its own history. Interest payments are estimated to consume about 44% of revenue.
#Pakistan #KSE100
#Pakistan #KSE100
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