Search For "current account deficit"
State Bank of Pakistan emphasizes country's challenges in tackling inflati
Updated : 4 years, 1 month ago IST
Islamabad [Pakistan], February 4 (ANI): State Bank of Pakistan (SBP) governor's Dr Reza Baqir on Thursday emphasized controlling inflation and current account deficit as economic growth may slow down to 4.5 per cent.
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Pak's current account deficit crosses USD 9 bn mark, analysts warn it may
Updated : 4 years, 1 month ago IST
Karachi [Pakistan], January 23 (ANI): Pakistan's current account deficit surpassed USD 9 billion in the first half of the ongoing fiscal year, accounting for 5.7 per cent of the gross domestic product and analysts have expressed concerns over this with some warning that rising current accoun
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State Bank of Pakistan to keep its policy rate unchanged though inflation
Updated : 4 years, 1 month ago IST
Karachi [Pakistan], January 21 (ANI): State Bank of Pakistan (SBP) is likely to keep its benchmark policy rate unchanged next week though an expected rate increase could be witnessed in the coming months due to inflation.
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Pakistan economic woos increased by fiscal deficits, flawed monetary polic
Updated : 4 years, 2 months ago IST
Islamabad [Pakistan], December 29 (ANI): Pakistan economic woos has been increased by huge fiscal deficits and failure in implementing robust monetary policy thereby unable to negate its external debt obligation coupled with depleted international reserves.
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Jump in services import, higher commodity prices increase Pakistan's curre
Updated : 4 years, 3 months ago IST
Karachi [Pakistan], November 20 (ANI): In the wake of a spike in imports and higher international commodity prices, Pakistan's current account deficit - higher foreign expenditure compared to income - swelled to USD 5.08 billion in the first four months (July-October) of the current fiscal y
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Pakistani rupee drops all-time low against US dollar
Updated : 4 years, 4 months ago IST
Islamabad [Pakistan], October 18 (ANI): Pakistani rupee hit an all-time low against the US dollar as the latter continued to soar during intra-day trading in the inter-bank market on Monday, reported local media.
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Taliban reject Pak minister's claims on trade in Pakistani rupee
Updated : 4 years, 6 months ago IST
Kabul [Afghanistan], September 12 (ANI): The Taliban have rejected a claim by a high ranking Pakistani minister that trade between the two countries would be in rupees under a currency swap arrangement, local media reported on Sunday.
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Pakistan to trade with Afghanistan in rupees: Report
Updated : 4 years, 6 months ago IST
Karachi [Pakistan], September 10 (ANI): In an attempt to save foreign exchange, Pakistan would soon start trading with Afghanistan in rupees that may ease the burden on the former's growing current account deficit, a media report said on Friday.
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India's growth to slow to 4 pc in FY20, recover to 6.2 pc in FY21
Updated : 5 years, 11 months ago IST
Manila [The Philippines], April 3 (ANI): The Asian Development Bank (ADB) projects India's gross domestic product (GDP) will slow to 4 per cent in the fiscal year 2020 ending on March 31, 2021 due to a weak global environment and continued efforts to contain the novel coronavirus (COVID-19)
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Survey pins hope on GST revenue collections to rein in fiscal deficit
Updated : 6 years, 1 month ago IST
New Delhi [India], Jan 31 (ANI): The Economic Survey for 2019-20 released on Friday said that drop in fixed investment by households from 14.3 per cent to 10.5 per cent explains most of the decline in overall fixed investment between 2009-14 and 2014-19.
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Ind-Ra slashes FY20 GDP growth forecast for fourth time to 5.6 pc
Updated : 6 years, 3 months ago IST
Mumbai (Maharashtra) [India], Nov 26 (ANI): India Ratings and Research (Ind-Ra) on Tuesday revised its GDP growth forecast for the current financial year (FY20) to 5.6 per cent.
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India's current account deficit narrows to 2 pc of GDP: RBI
Updated : 6 years, 5 months ago IST
Mumbai (Maharashtra) [India], Oct 1 (ANI): India's current account deficit (CAD) narrowed to 14.3 billion dollars or two per cent of the gross domestic product (GDP) during April to June, data released by the Reserve Bank of India showed.
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