ISLAMABAD: Senate Chairman Yousuf Raza Gilani on Friday approved the surrender of Rs265 million to the national exchequer as part of efforts to support the government’s ongoing austerity drive amid economic pressures. Read More: 25 vehicles of PA grounded as part of austerity drive The move follows austerity measures announced earlier this month by Prime Minister […]
fiscal discipline
PSDP spending lags as government prioritises fiscal discipline
ISLAMABAD: Spending under Pakistan’s Public Sector Development Programme (PSDP) is moving slowly, with the government keeping disbursements tight to meet fiscal targets set by the International Monetary Fund (IMF). In the first four months (July–October) of FY26, total PSDP expenditure reached only Rs76 billion — just 7.6pc of the Rs1 trillion annual allocation — falling […]
Fitch upgrades Pakistan’s rating to ‘B-’ amid fiscal gains, falling inflation and external stability
ISLAMABAD – In a significant boost to investor confidence, Fitch Ratings has upgraded Pakistan’s sovereign credit rating to ‘B-’, citing improving fiscal discipline, external account surpluses, and sharply declining inflation. The news was shared in the Finance Division’s Monthly Economic Update released on Thursday. The government’s tighter fiscal management helped narrow the deficit during the […]