The IMF retained its growth rate projects for India in its latest World Economic Outlook (WEO) and expects India to grow at 7 per centi n the current fiscal year ending March 31, 2025 and 6.5 per cent in the next fiscal year (FY2025-26).
The Economic Coordination Committee (ECC) of the cabinet approved PKR 20 billion as a special allocation for Operation Azm-e-Istehkam during the current fiscal year 2024-25, according to an official announcement by the Ministry of Finance.
The current fiscal year's tax-laden budget and the Supreme Court's ruling on reserved seats have shifted the focus of politics to the economy, further posing doubts over Pakistan's ability to meet the new International Monetary Fund (IMF) conditions for a USD 7 billion loan, reported Dawn.
State Finance Minister Devda said that the budget for the culture department for the current fiscal year was two and a half times more than that of the budget estimate of the last FY 2023-24.
State Finance Minister Devda said that the budget for the health sector for the current fiscal year was 34 per cent more than that of the budget estimate of the last FY 2023-24.
State Finance Minister Devda said that the budget for Women and Child Development for the current fiscal year was 81 per cent more than that of the budget estimate of the last FY 2023-24.
India's largest public sector bank, State Bank of India, said through an exchange filing that its board has approved raising up to USD 3 billion via debt in the current financial year. In the exchange filing, the state-run lender says
The Balochistan University of Information Technology, Engineering and Management Sciences vice chancellor, Khalid Hafeez, said that no funds will be available to meet expenditures of universities are the current fiscal year.
The cumulative nonperforming loans (NPLs) of India's three largest private and three largest public banks fell to 2.483 trillion Indian rupees in the 12 months ending March 31, marking an 11 per cent decrease from the previous year's Rs 2.791 trillion.
Congress MP Manish Tewari responded sharply to Indian economist and Finance Minister Nirmala Sitharaman's presentation of the Interim Budget for the fiscal year 2024-25, labelling it a 'vote-on-account' whose only goal is to keep the government solvent for the first quarter of the current
The International Monetary Fund (IMF) on Tuesday lowered Pakistan's economic growth forecast to two per cent for the current fiscal year, down 0.5 percentage points from its October estimate of 2.5 per cent, Dawn newspaper reported.