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fiscal consolidation

MFPCB expresses satisfaction over measures for fiscal consolidation

ISLAMABAD: Monetary and Fiscal Policies Coordination Board (MFPCB) has noted with satisfaction that the measures taken by the government for fiscal consolidation, external sector and monetary policy have set the direction for positive improvements. The meeting of the board was held in Islamabad on Friday with Finance Minister Asad Umar in the chair. While reviewing fiscal policy, the board noted that fiscal deficit for the first quarter of FY19 turned out to be 1.4 percent of GDP. The MFPCB appreciated the authorities'…