islamabad march 9 reuters  pakistan will exceed the revenue target set in the annual budget for the current financial year finance minister shaukat tarin said on wednesday tarin said revenue would hit 61 trillion pakistani rupees 342 billion compared to a target of 58 trillion rupees despite that i gave the target of 58 trillion im going to hit at 61 trillion and im tracking he told a news conference in islamabad he said a recent fuel and electricity subsidy package announced by prime minister imran khan would be partially financed by the extra revenue which may cause the fiscal deficit to slightly rise or fall if due to that the deficit may go a bit 05 up or down that may be he said embattled khan facing a noconfidence move to oust him from office by opposition parties announced a cut in petrol and electricity prices on monday despite a steep rise in the global oil market pledging to freeze the new rates until the next budget in june read more the subsidy will cost around 15 billion a big number for pakistan to defend during the international monetary fund imf 7th review which already has started of a 6 billion rescue package agreed in 2019 the south asian country had to undertake fiscal tightening measures to pass its last imf review which was delayed by months as the government struggled to complete prior action required by the lender to release 1 billion in february read more the finance ministry has said that pakistan was confident it will be able to defend its subsidy package during the imf review which tarin also reiterated read more we are doing it with our own revenues which has improved we have a space for that he said so imf shouldnt have any objections on this reporting by asif shahzad editing by tom hogue and christopher cushing