Deficit

Finance ministry says policy measures have helped narrow the deficit, curtail imports

Drop comes on back of lower workers’ remittances, sluggish exports

Pakistan and India have barely scratched the surface of bilateral trade potential

The budget deficit in the first three months of the current fiscal year stands at Rs541.7 billion

Since its inception Pakistan has had highly troubled relations with its northwestern neighbour

Deficit grows on the back of higher imports, dividend payments

Finance Minister Asad Umer says SBP governor-led team to hold talks on Chinese aid on Nov 9

Under fast-track rules, US cannot start talks with the EU, Japan and the UK until 90 days after notifying Congress

If you were thinking the balance of Rs805 billion would be realised by tax reform, think again

Expansionary fiscal policy, poor performance of tax body put country into a deeper debt trap

Increase highlights pressure on rupee and foreign currency reserves

Pakistan’s economy is at a very critical stage; it has a current account deficit of $18 billion in fiscal year 2018

Exorbitant imports, sluggish exports and insignificant surge in workers’ remittances contribute to increase

Accuses federal government of utilising share of Balochistan to develop central Punjab

It is a budget announced with the short-term goal of enhancing the sitting government’s political chances

Amounts to $1.13 billion compared with $1.44 billion in November

Pakistan has to fund the current fiscal deficit more via domestic borrowing with declining external borrowing

Says there is no need to panic even as foreign exchange reserves fall below $15b

Says economic growth likely to remain below expectations, keeps country’s credit rating unchanged at B3

Deficit now stands at $10.64b, widens by 131% year-on-year

While worrying, some say it is being led by investment and not consumption

Debt servicing, oil price recovery, weak exports propel deficit

Near-stagnant remittances, falling exports worrying Pakistan’s economic managers

Crosses full-year’s target in nine months, standing at $23.4b; monthly import bill hits record high

Shortfall was alarmingly 71% of annual projections of $20.5b

With huge amounts parked outside, further relaxations will take down revenue projections

Government will now need IMF to adopt a lenient approach as it considers Pakistan for the last loan tranche of $102m

Incentives proposed for agriculture and industries in Rs4.4 trillion federal budget

The Tadawul All-Shares Index (TASI) fell by 3.1 percent minutes after opening to 6,777.05 points

IMF-permitted limit is Rs625b for first six months of ongoing fiscal year

Amounts to $109m during Jul-Sep; narrowing trade deficit brings about improvement