Pakistan, April 14 -- The Pakistan Industrial and Traders Association Front (PIAF) has called for keeping check on government expenditure and high cost of debt servicing to contain budget deficit, as the Pakistan's federal budget deficit projection has been revised to high to over Rs5.4 trillion, highlighting the unending fiscal woes that have pushed the country into a debt trap.

The PIAF Chairman Fahimur Rehman Saigol, Senior Vice chairman Nasrullah Mughal and Vice chairman Tahirm Manzoor Chaudhry in a joint statement said that the high cost of doing business has been hurting the economic growth and industry, which faced the brunt of a staggering increase in gas prices.

Fahimur Rehman Saigol said that the failure to reform the tax syst...