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Fiscal surplus shrinks 40pc as revenues decline

• Primary surplus drops to 2.1pc of GDP from 2.8pc last year • Revenue falls despite higher tax collections; interest payments jump 23pc • Provincial cash surpluses shrink 23pc; Balochistan posts deficit ISLAMABAD: Pakistan’s fiscal buffers weakened in the first quarter of the current fiscal year despite expenditure controls and subsidy cut

Nov 14, 12:26 AM

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