The Senate committee said the NFC award changed Pakistan’s financial situation amid high-interest loans – Trendy Blogger
Federal Finance Minister Imdadullah Bhosal informed the Senate Standing Committee on Finance on Wednesday that the current National Finance Commission award has significantly distorted Pakistan’s fiscal position, pushing the federal government to rely on high-interest loans, some at interest rates as steep as 8%. According to a news report, in a press conference chaired by … Read more