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Pakistan announced Rs8.4 trillion ($54 billion) budget on Friday for the next fiscal year, basing it on an ambitious growth target of 4.5 per cent and tripling spending on public sector development with an election just two years away.
Pakistan’s economy rebounded strongly during the current fiscal year and posted a growth of around four per cent, which is substantially higher than the previous two years.
Pakistan’s Federal Minister for Finance and Revenue, Shaukat Tarin said on Saturday that the country witnessed a strong V-Shaped growth despite being in a tough International Monetary Fund (IMF) programme.