LONDON: The annual deficit overshot the Conservative government’s target, official data showed here the other day, dealing a blow to Chancellor of the Exchequer George Osborne.
Net borrowing stood at ￡74 billion (US$106 billion) in the 2015-2016 financial year to the end of last month, the Office for National Statistics said in a statement. That missed the government’s official forecast of ￡72.2 billion, despite ongoing austerity from Prime Minister David Cameron’s Conservative administration.
RAWALPINDI: President of the Rawalpindi Chamber of Commerce and Industry (RCCI), Usman Shaukat has urged the Government of Punjab to...
HYDERABAD: Collectorate of Customs (Enforcement), Hyderabad, has significantly intensified its anti-smuggling campaign, conducting a series of successful intelligence-based operations that...
KARACHI: The federal government borrowed more than Rs. 4.9 trillion from commercial banks during the first eleven and a half...
LAHORE: The Federal Board of Revenue (FBR) has frozen the bank accounts of the Universal Service Fund (USF), a government-owned...
