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Moody’s report

Pakistan’s mini-budget supports manufacturing, exports: Moody’s

KARACHI: Moody’s rating agency in a report released on Thursday said the government's recently announced mini-budget supports manufacturing sector and exports. However, it will enhance the challenges of fiscal consolidation for the government. Moody’s report adds that the fresh budget measures would support manufacturing sector, foster exports and import substitution apart from helping narrow current account deficit. On Jan 23, Finance Minister Asad Umar announced the government’s second mini-budget, which largely…