Search For "current account"
Pakistan to borrow PKR 5.5 trillion from international lenders
Updated : 3 years, 10 months ago IST
Islamabad [Pakistan], July 10 (ANI): Pakistan would borrow Pakistani Rupees (PKR) 5.5 trillion from international lenders in the current fiscal year to maintain their foreign exchange reserves, repay the previous loans and finance of current account deficit.
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Widening trade deficit pushes India to disincentivize gold imports
Updated : 3 years, 11 months ago IST
New Delhi [India], July 6 (ANI): India is experiencing a widening trade deficit, this essentially means that it is buying more goods and services than it is shipping out. India's trade deficit widened to a record $25.63 billion in June 2022, whereas it stood at $70.25 billion during April-Ju
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Govt takes number of steps to address high oil price challenge
Updated : 3 years, 11 months ago IST
New Delhi [India], July 4 (ANI): The Government of India has taken a number of steps to address the challenges arising out of the surge in crude oil prices in the international markets, finance ministry sources said on Monday.
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CRISIL sees India's average retail inflation in FY23 at 6.8 pc
Updated : 3 years, 11 months ago IST
New Delhi [India], July 2 (ANI): India's retail inflation during the financial year FY22-23 is expected to average at 6.8 per cent, as compared to 5.5 per cent the previous year, said rating agency CRISIL in a report.
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India's economic prospects challenged by Russia-Ukraine war, says RBI Depu
Updated : 3 years, 11 months ago IST
New Delhi [India], June 24 (ANI): The ongoing geopolitical developments in Ukraine have challenged India's economic prospects, thereby darkening the country's outlook and making it highly uncertain, said the Reserve Bank of India's Deputy Governor Michael Patra.
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India's current account deficit to widen in FY23, says brokerage Edelweiss
Updated : 3 years, 11 months ago IST
New Delhi [India], June 24 (ANI): India's current account deficit (CAD) is expected to widen and be in the range of 2.6 per cent to 2.8 per cent of gross domestic product (GDP) in the current financial year FY23, said brokerage and financial services firm Edelweiss Broking.
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India's current account deficit falls to $13.4 billion in Q4 of 2021-22
Updated : 3 years, 11 months ago IST
Mumbai (Maharashtra) [India], June 22 (ANI): India's current account deficit (CAD) declined to $13.4 billion in January-March 2022 from $22.2 billion recorded in the previous quarter, according to data released by the Reserve Bank of India (RBI) on Wednesday.
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Upside risks to fiscal deficit emerges following duty cut on fuel: Finance
Updated : 3 years, 11 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 : 4 years 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's foreign exchange reserves hit all-time low since December 2019
Updated : 4 years ago IST
Karachi [Pakistan], May 13 (ANI): Trade deficits and increasing current account coupled with dried up dollar inflows, and external debt payments have resulted in an alarming dip in Pakistan's foreign exchange reserves, plunging to a record low since December 2019.
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Pakistan: Finance Ministry forecasts gloomy economy amid rising inflation
Updated : 4 years, 1 month 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 : 4 years, 1 month 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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