Islamabad, April 6 – Pakistan’s chronic reliance on external debt reflects decades of fiscal mismanagement, the entrenched dominance of the elite, and the failure to broaden the tax base or restructure loss-making state-owned corporations, according to a report released on Monday.According to...
Islamabad, April 3 Pakistan has decided to repay a $2 billion loan to the United Arab Emirates (UAE) at the UAE's request, a media report said on Friday.The UAE had provided the funds to support the balance of payments, and the repayments were being made until recently.The UAE recently...
abu dhabi
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Mumbai, March 2 India's current account deficit (CAD) rose to USD 13.2 billion, or 1.3 per cent of GDP, in the December quarter from USD 11.3 billion in the year-ago period, mainly due to a higher trade deficit caused by a decline in exports to the US, according to RBI data released on Monday...
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Mumbai, March 2 The country's foreign exchange reserves, in nominal terms, including valuation effects, increased by USD 19.4 billion during April-December 2025, compared to a depletion of USD 10.7 billion in April-December 2024, according to RBI data.On a balance of payments basis, excluding...
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Mumbai, March 2 India's current account deficit (CAD) increased to USD 13.2 billion, or 1.3 per cent of GDP, in the December quarter, compared to USD 11.3 billion (1.1 per cent of GDP) in the previous year, mainly due to a larger trade deficit, according to data released by the Reserve Bank of...
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February 27, New Delhi – The International Monetary Fund (IMF) has approved a $8.1 billion, four-year loan for Ukraine, of which $1.5 billion would be immediately disbursed.The new loan will help Kyiv maintain economic stability and ensure continued public spending.Ukraine's Prime Minister...
balanceofpayments
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european union
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kristalina georgieva
kyiv
loan
public spending
reconstruction
ukraine
yulia svyrydenko
February 21, New Delhi – U.S. President Donald Trump imposed an additional 10% tariff on imports into the United States following the U.S. Supreme Court's ruling that struck down many of his sweeping and often arbitrary duties.In a post on Truth Social, President Trump stated, “It is a great...
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Washington, February 19 – An International Monetary Fund (IMF) staff team will travel to Islamabad from February 25 to hold discussions on Pakistan’s economic reform program under its Extended Fund Facility (EFF), the Fund said on Thursday.“We do have a staff team that is expected to visit...
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