Financial globalisation and shrinking policy space D_Trends
LAHORE: The economy has stabilised to some extent with the stabilisation measures initiated in May 2022. The policy rate, which was jacked up to 22%, has come down to 19.5% in a recent monetary policy announcement. Similarly, the fiscal deficit decreased to 6.8% in fiscal year 2023-24 by cutting down development expenditure to 2% of … Read more