RSM Pakistan

Budget Insight 2021 - The New Economic Reality

The world economic condition during the fiscal year 2020 has taken a nose dive as the pandemic ground the world economies to a halt in the second half of the financial year.  As far as Pakistan is concerned, the economy has been hit hard by the outbreak as the growth rate for FY 2020 tumbled down to an estimate of -0.38% as compared to the challenging target of achieving 3.3% initially set for the current fiscal year.

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