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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Pakistan's 6-month fiscal deficit at 2.7 pct of GDP Reuters - Tuesday, March 2 Send IM Story Print KARACHI, March 1 - Pakistan's budget deficit for the first six months of the 2009/10 fiscal year was 2.7 percent of gross domestic product , the Finance Ministry said on its web site on Monday. This was within a target that the government and the International Monetary Fund had set. The budget deficit for the first three months was 1.5 percent of GDP, which was 0.2 percent higher than the target of 1.3 percent. Pakistan pledged to keep its fiscal deficit at 4.9 percent of GDP in the 2009/10 fiscal year under a loan agreement with the IMF. Outgoing Finance Minister Shaukat Tarin said in January the fiscal deficit could rise to 5.3 percent of GDP. However, analysts said the deficit could be contained if sufficient external flows came in before the end of the fiscal year. Pakistan agreed in November 2008 to an IMF emergency loan package of $7.6 billion to avert a balance of payments crisis and shore up reserves. In July, the Fund increased the loan to $11.3 billion. (For more Reuters coverage of Afghanistan and Pakistan, see: http://www.reuters.com/news/globalcoverage/afghanistanpakistan) Recommend Send IM Story Print Related Articles HSBC posts profit gain, boss donates bonus to charity AFP - 49 minutes ago Dollar holds gains vs euro, yen after US ISM data Reuters - 1 hour 1 minute ago Manufacturing sector grew in February: ISM Reuters - 1 hour 3 minutes ago Dominion raises 33 mln stg for Ugandan drill Reuters - 1 hour 6 minutes ago Fed's Kohn says to leave Fed June 23 Reuters - 1 hour 8 minutes ago News Search Top Stories US consumer spending grows but incomes lag Crosby show as Canada beat USA in gold thriller World's most powerful atom smasher restarts: CERN No German rescue plan for debt-ridden Greece Debt-hit Greece must step up spending cuts: Juncker More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended World's most powerful atom smasher restarts: CERN Be of good heart: Happiness helps ward off cardiac disease Vast iceberg could disrupt ocean currents, weather Crosby show as Canada beat USA in gold thriller British banking faces major makeover More Most Viewed » Florida killer whale to stay in park after deadly attack DNA reveals some mystery on King Tut, raises questions Scientists recreate Big Bang heat of 4 tln degrees C First footage of clouded leopard captured in Borneo More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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