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ADB forecasts high inflation for Pakistan in current fiscal year | The Express Tribune
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The Asian Development Bank (ADB) has predicted that inflation in Pakistan will remain high in the current fiscal year. The bank’s latest Asian Development Outlook report raised its economic growth forecast for developing Asia and the Pacific from 4.9% to 5%,…
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Current account deficit reaches $464m in 11 Months: SBP | The Express Tribune
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The current account deficit for the first eleven months of this fiscal year stood at $464 million, according to the State Bank of Pakistan (SBP). The SBP’s recently released data indicates that the current account deficit for the initial eleven…
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Chinese PV goes global: sail against the current | The Express Tribune
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BEIJING: “In 2023, China’s photovoltaic (PV) application market has indeed achieved unexpected development, reaching 216.88GW (gigawatts), a staggering year-on-year growth of 148.1%, exceeding the predictions of all industry insiders. With the growing demand for green electricity, we predict that the…
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Pakistan records $9m current account surplus in Nov | The Express Tribune
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KARACHI: Pakistan’s balance of current account recorded a surplus of $9 million in November 2023 after remaining in deficit in the first four months (July-October) of the current fiscal year 2023-24, suggesting that the country’s capacity to make international payments…
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Current account reaches breakeven in September | The Express Tribune
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KARACHI: Pakistan’s current account balance almost reached breakeven with a nominal deficit of $8 million for September 2023, slightly missing market expectations of a surplus. According to State Bank of Pakistan’s (SBP) data, the current account deficit of $8 million…
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Current account in deficit again | The Express Tribune
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KARACHI: Pakistan’s current account balance again landed in negative zone, registering a deficit of $809 million in July, in the wake of a jump in import payments and slump in worker remittances, ending the streak of surpluses achieved over the…
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Imran Khan, PM Shehbaz exchange blame for current economic crisis
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Prime Minister Shehbaz Sharif and PTI Chairman Imran Khan. — AFP/File Prime Minister Shehbaz Sharif blasted former premier and Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan Monday for criticising the incumbent government’s economic policies, saying that he had “conveniently forgotten his…
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Current account posts $18 million surplus in April
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Bundles of freshly printed US dollar banknotes are processed for packaging at the US Treasury’s Bureau of Engraving and Printing in Washington on July 20, 2018. — AFP As the government continues to restrict imports amid a liquidity crisis, the…
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$7.8bn received in foreign assistance in current fiscal year: EAD
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A currency dealer counts US banknotes in this undated file photo. — AFP A report from the Economic Affairs Division (EAD) showed that Pakistan has received $7.76 billion so far in foreign economic assistance — which includes both grants and…
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Current account posts surplus for first time since Nov 2020
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A man counts US dollar notes in this undated file photo. — AFP Pakistan’s current account posted a surplus in March after a 28-month period, the State Bank of Pakistan (SBP) data showed Wednesday. It was the first time since…
