In its latest Fiscal Risk Statement (FRS) 2023-24, Pakistan's Ministry of Finance has stated that federal government exposure to SOEs in the form of the outstanding stock of loans and guarantees was at 9.7 per cent of Gross domestic product (GDP) in FY21.
Japan's Defense Ministry on Thursday requested a record 7.7 trillion yen (USD 53 billion) budget for fiscal 2024 as the government aims to deploy arms to realize newly authorized capabilities to strike enemy targets for stronger deterrence in the wake of the worsening regional security envir
Pakistan caretaker Finance Minister Shamshad Akhtar on Wednesday told senators and the electricity consumers to “manage (their) expectations” raised by caretaker Prime Minister Anwaarul Haq Kakar for relief in excessive power bills, saying the country’s fiscal space did not permit any subsid
RailTel’s Chairman and Managing Director (CMD) Sanjai Kumar chaired the 23rd Annual General Meeting (AGM) of Railtel and said that RailTel's total income has grown by 27 per cent to Rs 2,002 crore in the fiscal year 2022-23.
Speaking to ANI on Thursday Ashish Chauhan said, "Today evening the first quarter GDP numbers for the financial year 2023-24 have been released. The GDP growth rate has come out at 7.8 per cent which is a stupendous growth rate. With this India has become the fastest growing large economy
Hyderabad (Telangana) [India], August 30: Cloud4C, a globally leading managed cloud services provider, announces the appointment of Arindam Mukherjee as President of Sales for India region, across all its industry and service verticals. This underlines the company's strong vision to help tra
Mumbai (Maharashtra) [India], August 28: Ayekart, a leading FinTech and integrated digital technology platform specializing in the food and agri value chain, announced significant milestones in the fiscal year 2022-2023 at its Annual General Meeting (AGM). The event highlighted the company's
New Delhi [India], August 25: BankSathi, a pioneering fintech social commerce startup, takes pride in announcing its remarkable achievement as the third-largest credit card issuer in India with 3.6 lakh ARR. The startup has issued 3 lakh credit cards as of June 2023, a 4X increase in cards o
Pakistan's total foreign loans increased to USD 2.8 billion in the first month (July 2023) of the current fiscal year as a result of additional USD 2 billion time deposits from the Kingdom of Saudi Arabia (KSA) and USD 508 million in guaranteed loans from China for the Pakistan Air Force to
The Central Bank of the UAE's public budget reached an all-time high of AED650 billion by the end of June 2023, as revealed by its latest fiscal report.
Pakistan’s total debt and liabilities have risen by 29 per cent to Rs 56.21 trillion in the fiscal year that ended on June 30, the country’s central bank said on Wednesday. This comes as the government borrowed heavily to finance its spending requirements, as per Dawn.
Hyderabad (Telangana) [India], August 12: Tanla proudly announces the release of its first Sustainability Report for the fiscal year 2022-23. This report has been prepared in accordance with Global Reporting Initiative (GRI) standards 2023. The report underscores Tanla's unwavering commitmen