deficit
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Current account deficit reaches $464m in 11 Months: SBP | The Express Tribune
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[ad_1] 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…
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Trade deficit shrinks to $13.1b | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s trade deficit shrank to $13.1 billion during the first seven months of this fiscal year, which is $6.4 billion less than the same period of the last fiscal year. This development offsets pressure on the exchange rate…
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Budget deficit surges over 50% | The Express Tribune
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[ad_1] ISLAMABAD: The federal government’s budget deficit widened by more than 50%, primarily due to a steep increase in interest payments that reached Rs4.2 trillion during the first half of this fiscal year, casting doubt on the effectiveness of the…
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Revenue spike helps contain deficit | The Express Tribune
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[ad_1] ISLAMABAD: A one-off sudden spike in non-tax revenues has helped the government restrict the budget deficit to just Rs900 billion during the first four months of this fiscal year, despite a surge in interest payments to a staggering Rs2.3…
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US trade deficit widens in Oct as exports fall amid inflation curbs — What’s next?
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[ad_1] A container ship enters the Port of Los Angeles in San Pedro, California, US on Feb, 1, 2021. — AFP/File The world’s largest economy’s total trade deficit increased by 5.1% to $64.3 billion in October, up from a revised…
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Pakistan’s trade deficit narrows by 33.5%, imports down by 17.3%
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[ad_1] A representational image of shipping containers at a dockyard. — AFP/File Recent data released by the Pakistan Bureau of Statistics (PBS) has shown that the country’s trade deficit has witnessed a whopping 33.59% with a notable 17.3% decrease in…
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Govt to cut spending to reduce deficit | The Express Tribune
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[ad_1] ISLAMABAD: The interim federal government has decided to reduce spending on a massive scale in order to show a surplus of Rs600 billion on behalf of the provinces during the current fiscal year and to meet the International Monetary…
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Current account in deficit again | The Express Tribune
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[ad_1] 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…
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Managing trade deficit via three-pronged strategy | The Express Tribune
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[ad_1] ISLAMABAD: Post-Covid, the International Monetary Fund (IMF) has become a strong proponent of fiscal austerity and has been asking for new tax measures and reducing expenditures of the state, unlike Pakistan’s Q-block which believes in an expansionary budget and…
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Pakistan’s current account deficit hits two-year low | The Express Tribune
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[ad_1] KARACHI: Pakistan’s current account deficit (CAD) hit a two-year low of $74 million in a month, narrowly failing to turn around the country’s deficit into surplus in February. The government achieved the significantly low deficit through limiting imports to…
