ISLAMABAD: The Securities and Exchange Commission of Pakistan is likely to register a deficit for the first time after its policy board’s decision of slashing the regulatory fee on Mutual Funds by whooping 80 percent in a single go.On one hand the federal government employs its political capital to discipline the fiscal deficit by increasing gas and electricity prices, and on the other hand, revenue from Non-Banking Finance Companies has been slashed by 80 percent. The regulatory fee on...