Pakistan Cabinet to discuss macro economic indicators for 2017-18

MG News | May 11, 2017 at 01:16 PM GMT+05:00

0:00

Pakistan Finance Ministry to present new fiscal year Budgetary Paper before the Cabinet to be chaired by the Prime Minister Nawaz Sharif which would be approved for the upcoming Federal Budget announcement.

Prime Minister Nawaz Sharif would chair the meeting of Federal Cabinet, beside several other issues to be discussed; the Cabinet would discuss key economic indicators for the current and new fiscal years.

It is expected that Economic Growth target for the next fiscal year would be fixed at 6 percent, fiscal deficit would be aimed to be reduced to 3.8 percent of the GDP and the debt to GDP ratio would be fixed at 60.2 percent.

The government also aim to increase the tax to GDP ratio to 10 percent.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	165,750.00 137.11M	-0.48% -803.28
ALLSHR	100,994.86 474.63M	-0.30% -301.81
KSE30	50,561.76 44.07M	-0.67% -341.51
KMI30	240,391.34 24.76M	-0.40% -956.52
KMIALLSHR	66,432.93 171.01M	-0.14% -91.44
BKTi	47,082.77 26.53M	-1.46% -696.24
OGTi	33,062.31 6.73M	0.45% 149.11

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	109,045.00	109,140.00 107,055.00	1100.00 1.02%
BRENT CRUDE	64.75	64.76 63.86	2.16 3.45%
RICHARDS BAY COAL MONTHLY	80.50	0.00 0.00	-1.00 -1.23%
ROTTERDAM COAL MONTHLY	92.75	0.00 0.00	0.70 0.76%
USD RBD PALM OLEIN	1,085.00	1,085.00 1,085.00	0.00 0.00%
CRUDE OIL - WTI	60.58	60.61 59.64	2.08 3.56%
SUGAR #11 WORLD	15.13	15.44 15.03	-0.11 -0.72%