KARACHI: Pakistan’s budget deficit for the first three months of the 2009/10 fiscal year was Rs223.67 billion ($2.68 billion) or 1.5 per cent of gross domestic product (GDP), the Finance Ministry said on its website.The International Monetary Fund (IMF) and the government had targeted a budget deficit for the three months ending on Sept 30 of Rs194 billion, or 1.3 per cent of GDP.
However, the country’s central bank governor told Reuters last month Pakistan would meet its fiscal deficit target in the first six months of this fiscal year despite slippage in the first quarter.
