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FISCAL DEFICIT PAKISTAN
Pakistan budget raises defence spending, squeezes development to meet IMF goalsFinance Minister Muhammad Aurangzeb told parliament the government would allocate 3 trillion rupees for defence in the fiscal year starting...- Stealth, skies and sovereignty: India's fighter jet plan takes offThe Defence Ministry has issued tenders for India’s indigenous fifth-generation Advanced Medium Combat Aircraft (AMCA) programme to three p...
- Pakistan's economy gasps as Middle East war ignites double-digit inflationPakistan's economy faces a grim future with inflation expected to stay high. Soaring oil prices and regional conflict are straining the nat...
- Global Market: Emerging markets face mounting economic pressure amid Iran war disruptionsThe Iran war's economic ripple effect is hitting emerging markets hard, two months on. Rising inflation, trade disruptions, and fiscal stra...
- India needs to reduce the strategic importance of fertilisers through a bold agricultural policyGlobal events like the West Asia conflict and El Nino threaten governments. Rising fertilizer prices create a fiscal and political crisis f...
- India bonds fall after US scraps Iran talks, raising escalation jittersIndian government bonds experienced a dip early Monday as hopes for a US-Iran diplomatic breakthrough faded. This geopolitical uncertainty,...
- Pakistan govt highlights critical risks to budget 2024-25 in fiscal statement to ParliamentPakistan's cash-strapped government faces critical risks in the budget and outlook, including lower growth, natural disasters, and poor sta...
- Pak: Fiscal challenges mount as interest payments surge, development sector suffersPakistan's Ministry of Finance (MoF) has issued a cautionary statement regarding mounting fiscal pressures attributed to a significant 54% ...
- Watched by IMF, Pakistan to present budget amid economic, political crisesThe risk of default on sovereign debt is rising, with the economy creaking under twin deficits and record high inflation, which has further...
- Pakistan's current account deficit increases to a four-year high of $17.4 billion in FY22According to Dawn newspaper, the massive CAD speaks a lot about the severe problem of the balance of payments. The deficit of over USD 17.4...
- 34 per cent of Pakistan's population lives on just Rs 588 a day income: World BankThe Pakistan Development Update - the biannual report issued by the Washington-based lender - said that soaring inflation disproportionatel...
- Debt payment to exports ratio highest in Pakistan, Sri LankaHans Timmer, World Bank's Chief Economist for South Asia, in an online briefing told reporters that Pakistan would have to curtail its yawn...
- Pakistan's debt rose to Rs 149 trillion during Imran Khan-led govtAnalysts predict the budget deficit to be in the range of 7.0-7.5 per cent in fiscal year 2022, where part of the shortfall would be covere...
- Pakistan cuts 2017/18 economic growth estimate to 5.2 per centThe revision of figures reported by the previous government underlines the economic headwinds facing Pakistan which is holding discussions ...
- S&P downgrades Pakistan rating amid heavy borrowing from ChinaThe agency talked about diminished growth prospects as well as elevated external and fiscal stresses.
- FATF grey-listing will have no direct impact on Pakistan's ability to borrow from IMF, here's whyAny decision to list a country as a jurisdiction with strategic AML/CFT deficiencies is the responsibility of the FATF only, said Tao Zhang...
- Pakistan needs USD 17bn to cover rising current account deficit: WBOn the macro-economic outlook, the discussions acknowledged that Pakistan has done well in stabilising its economy over the past four years...
- China should ensure Pakistan avert debt default: Chinese media"China should work closely with Pakistan to make sure that the projects it has invested in can generate tangible growth," Global Times said.
- IMF approves $6.6 billion for Pakistan over 3-year arrangement for economic reformsThe approval enables an initial disbursement of about $544.5 million while the remaining amount will be evenly disbursed over the duration ...
- Pakistan's trade deficit with India up four times since 2008"The deficit of fiscal year 2009-10 surged up by 11 per cent with USD 1.061 billion in imports payment and USD 260 million export receipts."
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