Search For "current account deficit"
Upside risks to fiscal deficit emerges following duty cut on fuel: Finance
Updated : 3 years, 8 months ago IST
New Delhi [India], June 20 (ANI): Government revenues have taken a hit following cuts in excise duties on diesel and petrol, posing an upside risk to the budgeted level of gross fiscal deficit, the Department of Economic Affairs said in its Monthly Economic Review for May 2022.
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Pakistan bans import of non-essential luxury items to 'stabilize economy'
Updated : 3 years, 9 months ago IST
Islamabad [Pakistan], May 20 (ANI): Pakistan has announced a ban on the import of 38 non-essential luxury items under 'emergency economic plan' amid the record fall of country's currency against the US dollar, on account of the rising import bill, and depleting foreign exchange reserves.
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Pakistan: Finance Ministry forecasts gloomy economy amid rising inflation
Updated : 3 years, 10 months ago IST
Islamabad [Pakistan], April 30 (ANI): Owing to a combination of internal and external challenges of unpredictable tenure in Pakistan, the Ministry of Finance on Friday forecasted tough days ahead -- including rising inflation, expanding current account deficit, higher fiscal deficit and d
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Pakistan: Shehbaz Sharif battles sinking economy amid deficit spike, Imran
Updated : 3 years, 10 months ago IST
Islamabad [Pakistan], April 24 (ANI): While Pakistan's economy is already in shambles, the newly-elected Prime Minister Shehbaz Sharif has a heavy task on hand, battling the sinking economy as the country's current account deficit shot up to USD 1.03 billion in March 2022, and his predece
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Pakistan's external repayment position in red zone: Moody's
Updated : 3 years, 11 months ago IST
Islamabad [Pakistan], April 12 (ANI): With Pakistan facing political turmoil and a sliding economy, further deterioration in its external position including widening of current account deficit and erosion of foreign exchange reserves, would threaten the government's external repayment posit
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India's current account deficit rises to USD 23 billion in Q3 of 2021-22
Updated : 3 years, 11 months ago IST
Mumbai (Maharashtra) [India], March 31 (ANI): India's current account deficit (CAD) surged to USD 23 billion in the third quarter of 2021-22 from USD 9.9 billion in the previous quarter and USD 2.2 billion recorded in October-December 2020 period, the Reserve Bank of India (RBI) data showed
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Russia-Ukraine war could derail Pakistan's economy, devalue country's curr
Updated : 3 years, 11 months ago IST
Islamabad [Pakistan], March (ANI): With the increase in global prices of oil and gas amid the Russia-Ukraine War, Pakistan could be adversely impacted leading to devaluation of the country's currency, increasing current account deficit and spiking inflation, say experts.
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Pak currency downward trend continues, drops to Rs 177.47 against US dolla
Updated : 4 years ago IST
Karachi [Pakistan], February 28 (ANI): Amid hefty current account deficit, surging energy and oil prices, and Russia-Ukraine conflict, the downward trend of Pakistan's currency continued on Monday, dropping to Rs 177.47 against the US dollar.
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Pakistan headed to record deficit in excess of $20 billion in current fisc
Updated : 4 years ago IST
Islamabad [Pakistan], February 28 (ANI): With the current account deficit (CAD) touching an all-time high of $2.56 billion in the month of January 2022, Pakistan's overall CAD is expected to cross $20 billion by the end of this fiscal (2021-22), according to experts.
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Pakistani rupee to stay under pressure next week
Updated : 4 years ago IST
Islamabad [Pakistan], February 27 (ANI): The Ukraine crisis is expected to weigh on the Pakistan currency as a large current account deficit, surging energy and oil prices, and volatility in financial markets will likely put the Pakistani rupee under pressure next week, local media reported
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Russia-Ukraine conflict set to upset India's Budget math
Updated : 4 years ago IST
New Delhi [India], February 26 (ANI): Crude oil prices have been on the boil for some time now due to the escalating Russia-Ukraine conflict. It soared past $100 a barrel this week for the first time in over seven years. If the oil prices remain at this level, it will considerably upset Indi
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Pakistan's Current Account Deficit at an all-time high
Updated : 4 years ago IST
Islamabad [Pakistan], February 26 (ANI): Amid the continuing economic woes, Pakistan's Current Account Deficit (CAD) rose to an all-time high of USD 2.56 billion in the month of January 2022.
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