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<p>ISLAMABAD: Despite a massive 90 per cent cut in subsidies and higher-than-targeted revenue collection, Pakistan’s fiscal and current account buffers weakened at the beginning of the current fiscal year (FY27) owing to an almost 37pc increase in interest payments coupled with greater development spending.</p> <p>The “overall fiscal surplus narrowed to 0.8p
<p>ISLAMABAD: Despite a massive 90 per cent cut in subsidies and higher-than-targeted revenue collection, Pakistan’s fiscal and current account buffers weakened in the first quarter of the current fiscal year (FY27) owing to an almost 37pc increase in interest payments coupled with greater development spending.</p> <p>The “overall fiscal surplus narrowed to
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