Financial Information

Whereas announcing the funds for the monetary year 2015-2016, the government of Pakistan has announced elevated in basic pay and pension @ 7.5{de4830123d865243cdbd44cbcfbb25080a6a1a9c45ae9cc7e6e2da4e83f4b4b9}. In addition to, medical allowance would even be elevated as much as 25{de4830123d865243cdbd44cbcfbb25080a6a1a9c45ae9cc7e6e2da4e83f4b4b9}. The Finance Minster Mr. Ishaq Dar also introduced that the advert hoc aid for the previous three years would even be included in the fundamental pays of the government servants.

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The test that the Consensus or survey-based forecast is zero (that is that this forecast adds nothing to explanatory energy of the opposite forecast, or conditioning on the market-primarily based forecast renders the survey forecast uninformative) is: Take a look at statistic: F(1, 51) = 5.62732, with p-value = 0.0214933. So the Consensus adds no data beyond the financial by-product forecast.