State Bank of Pakistan warns on ‘deteriorating’ budgetary conditions

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Pakistan's central bank has urged its government to take appropriate measures to organise its public finances or risk running down its foreign currency reserves.

In its latest quarterly report, published on January 28, the State Bank of Pakistan said that while recent figures showed the government had been making some headway towards improving its finances, revenues collected from taxes had fallen short of the 1.9 trillion rupees ($19 billion) forecast last year, making it difficult for the

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