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Sunday, June 26, 2011

US apology increases more than six percent Pak deficit

Pakistan’s fiscal deficit would increase more than six percent as United States excused to provide the allied support fund before June 30.

Source in the finance ministry told that American ambassador in Pakistan was also contacted to make possible the release of fund but America refused to provide money before end of June and release of fund is expected in July.
Pakistan was expecting fund between 35 crore to 50 crore but this unavailability of funds in time would increase Pakistan fiscal deficit more than six percent and Pakistan’s claims touched the one billion and eighty crore dollars related to allied support fund. SANA