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Pakistan forecasts fiscal deficit at 7% of GDP in 2020/21: industry minister

Minister for Industries Hammad Azhar added that the government had set a GDP growth target of 2.1% for the next fiscal year as he presented the budget in the country’s parliament.

Azhar acknowledged that it was difficult to predict the economic impact of the global coronavirus pandemic. The government’s targets were rosier than the World Bank’s recent projection that Pakistan would see another year of negative growth at -0.2%.

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