Tax collection growth surpasses rise in current expenditure
(WorldNews Business)

Increase in fuel prices accounts for a significant share of the spike in revenues.-White Star KARACHI: Growth in revenue collection outpaced the rise in current expenditures during the first quarter of 2017-18, according to a recent report by the State Bank of Pakistan (SBP). Although growth in expenditure remained slower than that in revenue collection, it was significantly higher than last year, said the SBP report. `Not surprisingly, current expenditures grew much sharply on account of higher spending on defence, maintaining...