Spending cuts to hit growth, warns Fitch

ISLAMABAD: Fitch Ratings on Tuesday warned that spending cuts stronger than anticipated, particularly the continued compression in capital expenditure, could weigh on medium-term growth prospects. In its review of the federal budget 2026-27, Fitch said Pakistan was maintaining a clear commitment to fiscal discipline under the International Monetary Fund programme by targeting a primary surplus of 2pc of GDP and an overall deficit of 3.6pc of GDP. This follows a strong FY26 performance, with a...

By none@none.com (Khaleeq Kiani)