Search For "current account"
Pakistan's external repayment position in red zone: Moody's
Updated : 4 years, 1 month 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 : 4 years, 2 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 : 4 years, 2 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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Credit Suisse downgrades Indian equities due to surge in crude oil prices
Updated : 4 years, 2 months ago IST
New Delhi [India], March 8 (ANI): Global brokerage firm Credit Suisse on Tuesday downgraded Indian equities markets to 'underweight' from 'overweight' saying the high crude oil prices would lead to inflationary pressures and hurt the current account.
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Pak currency downward trend continues, drops to Rs 177.47 against US dolla
Updated : 4 years, 3 months 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, 3 months 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, 3 months 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, 3 months 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, 3 months 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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State Bank of Pakistan emphasizes country's challenges in tackling inflati
Updated : 4 years, 3 months 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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Pakistan's foreign loans soar to USD 10.4 billion in July-December
Updated : 4 years, 4 months ago IST
Islamabad [Pakistan], January 28 (ANI): Pakistan has borrowed USD 10.4 billion in the past six months, which was higher by 78 per cent over the same period of last year, as it struggled to address the growing current account imbalance and keep the debt-financed foreign exchange reserves at c
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Pak's current account deficit crosses USD 9 bn mark, analysts warn it may
Updated : 4 years, 4 months 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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