Big hike in SBP profit helps cut fiscal deficit to 2.3pc of GDP

Dawn | Feb 15, 2020 at 7:02 AM
  • The fiscal deficit of the federal government was almost unchanged in absolute numbers at Rs1.286 trillion (2.9pc of GDP) at end of December 2019 when compared to Rs1.274tr (3.3pc of GDP) at the end of December 2018.
  • A major non-tax revenue contribution came in the shape of the Rs112bn profit from another regulator — the Pakistan Telecommunication Authority (PTA) — on account of the telecom fee.