Govt likely to cut PSDP by Rs300bn

MG News | February 07, 2023 at 12:47 PM GMT+05:00

0:00

February 07, 2023 (MLN): The federal government is likely to cut the Public Sector Development Programme (PSDP) by Rs300 billion in the current fiscal year.

To comply with the International Monetary Fund (IMF) conditions, the government has decided to improve revenue collection and control spending.

Furthermore, the government is planning to curb the fiscal deficit to stabilize the economic conditions.

Copyright Mettis Link News

Related News

FIA introduces pre-departure desks for hassle-free travel

Pakistan, China renew commitment to All-Weather partnership

Key Pakistan Market Stats and Economic Indicators

Name	Price/Vol	%Chg/NChg
KSE100	183,302.93 466.63M	2.38% 4268.00
ALLSHR	109,470.46 1,033.76M	1.93% 2077.72
KSE30	56,462.38 215.81M	2.63% 1444.97
KMI30	260,239.73 180.86M	2.18% 5540.66
KMIALLSHR	70,567.72 531.10M	1.57% 1089.76
BKTi	52,644.47 96.20M	3.63% 1842.05
OGTi	36,466.04 9.29M	1.05% 379.13

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	92,980.00	93,970.00 91,595.00	2790.00 3.09%
BRENT CRUDE	60.03	61.24 59.75	-0.72 -1.19%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	0.55 0.64%
ROTTERDAM COAL MONTHLY	98.15	0.00 0.00	0.15 0.15%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	56.56	57.73 56.31	-0.76 -1.33%
SUGAR #11 WORLD	14.67	14.70 14.60	0.07 0.48%