account deficit

Public pressure will force dissidents back (PM Imran Khan)

March 20, 2022

ISLAMABAD: Prime Minister Imran Khan said on Saturday that the majority of "disgruntled members" would return after seeing public pressure.“Times have changed from when there was Chhanga Manga politics a...

Government raises 193 billion rupees via fixed rate GDPs

Jeremy Cook

March 17, 2022

Current Account

KARACHI: The government, in a bid to meet its financing needs, raised 193 billion rupees by auctioning fixed-rate Pakistani investment bonds, with threshold yields on three-, five- and 10-year papers tendi...

How India can deal with ‘black swans’

Jeremy Cook

March 13, 2022

Current Account

As another black swan event has engulfed the world with Russia and Ukraine at loggerheads, it is a clarion call for economies like India to learn from it. The world in the first two decades of the 21st centur...

PH’s trade deficit widened by 63% in January

Jeremy Cook

March 11, 2022

Current Account

External merchandise trade rose for the 12th straight month in January, but a sustained surge in imports that outpaced exports widened the Philippines' trade deficit, putting further pressure on the peso to ...

Bearish Asia FX Bets Rise Amid Ukraine Crisis, Rupee Sells Near 2-Year High

Jeremy Cook

March 10, 2022

Current Account

A worker checks a 500 Indian rupee note as a man fills diesel into containers at a gas station in Kolkata, India August 14, 2018. REUTERS/Rupak de Chowdhuri/FilesJoin now for FREE unlimited access to Reuters.co...

Geopolitical risks to accelerate imports and widen the deficit in the short term: Ind-Ra

Jeremy Cook

March 1, 2022

Current Account

Geopolitical risks arising from the Russian-Ukrainian conflict would increase the import bill for items such as mineral fuels and oils, gemstones and jewellery, edible oils and fertilizers,...

Is India’s elite abandoning the country’s poor and vulnerable?

Jeremy Cook

February 15, 2022

Current Account

Amid all the talk of two Bharats, do we see a time horizon where India's elite could abandon the country's poor and vulnerable?This is a question I've been thinking about for a few months now. My cu...

Oil, Omicron, Inflation and Interest Rates – And then on to Assets

Jeremy Cook

January 29, 2022

Current Account

The three important factors, which would affect all asset classes in the short term, are the behavior of oil prices, the behavior of Omicron and the behavior of inflation, thus affecting the interest rate scena...

Experts project status quo at MPC meeting

Jeremy Cook

January 24, 2022

Current Account

CARACHI: The State Bank of Pakistan (SBP) is due to meet on Monday January 24 to assess the evolution of the economic situation and announce its monetary policy. Contradictory movements in economic indica...

India hits record high monthly exports

Jeremy Cook

January 22, 2022

Current Account

MUMBAI, 15th JANUARY 2022 – The Ministry of Trade and Industry has recently released the country's monthly...

Resumption of business after the second wave of Covid

Jeremy Cook

January 15, 2022

Current Account

Asjadul Kibra | Published: January 15, 2022 9:34:42 p.m. Bangladesh's economy is rebounding thanks to the recovery of its foreign trade. The country's two-way merchandise trade with the rest of t...

Rupee hits 3-month high at 73.91 vs. $

Jeremy Cook

January 11, 2022

Current Account

Mumbai: The rupee hit a high for more than three months on Tuesday, regaining 73 levels. By the close of trade it had gained 13 paise to end at 73.91 against the US dollar. The last time the rupee closed arou...

Businessmen sound the alarm on rising import bill

Jeremy Cook

January 8, 2022

Current Account

KARACHIThe business community has warned the government of a further widening of the trade deficit due to the sharp increase in the import bill in the first half of...

Imports fall, exports rise as government strives to close deficit

Jeremy Cook

January 2, 2022

Current Account

Pakistan's total imports decreased by $ 1 billion, from $ 7.9 billion to $ 6.9 billion in December 2021 compared to November 2021. The projection of imports for the month was $ 6.2 billion. of dollars. ...

Why did the domestic recovery slow down in November?

Jeremy Cook

December 30, 2021

Current Account

India's economic recovery appears to have remained slow in November, still plagued by some of the factors that tarnished the picture in October. Global supply disruptions have made...

Exchange-protected Turkish lira deposits exceed $ 2.24 billion: Erdoğan

Jeremy Cook

December 24, 2021

Current Account

"New currency protected Turkish Lira deposits have reached 23.8 billion TL ($ 2.24 billion) to date," President Recep Tayyip Erdoğan said in a television interview on Friday evening. Speak...

Brazilian real and Chilean peso rise above 1%, though investors assess Omicron’s risks

Jeremy Cook

December 22, 2021

Current Account

Brazilian lawmakers approve 2022 budgetBovespa slips as Vale weighsArgentina increases stocks amid IMF payment reportDecember 22 (Reuters) - Most Latin American currencies strengthened against a weaker dollar o...

PTI government to pay $ 55 billion in debt during his tenure: Fawad Chaudhry – Affaires

Jeremy Cook

December 21, 2021

Current Account

Federal Information and Broadcasting Minister Fawad Chaudhry estimated on Tuesday that outgoing Pakistani government Tehreek-e-Insaf (PTI) would pay $ 55 billion in external debt repayment during its five-year ...

Treasury bills, GDP yields fall

Jeremy Cook

December 18, 2021

Current Account

KARACHI: Yields on T-bills and Pakistan investment bonds (GDP) fell on Friday after the State Bank of Pakistan (SBP) conducted an open market operation (OMO) 63 days for a first in recent years to give the...

IMF predicts Morocco’s economic growth at 6.3% in 2021, around 3% in 2022

Jeremy Cook

December 11, 2021

Current Account

RABAT, Dec. 10 (Reuters) - The Moroccan economy is expected to grow 6.3% in 2021, one of the highest rates in the Middle East and North Africa region, before slowing to around 3%. next year, the International M...

Rising current account deficit pushes government to IMF: Shaukat Tarin – Business

Jeremy Cook

December 9, 2021

Current Account

Published on December 09, 2021 11:28 p.m. Tarin said that for an economic growth rate of 5-6%, income should be 20% of gross domestic product ...

Rupee continues to be on slippery ground

Jeremy Cook

December 3, 2021

Current Account

KARACHI: There was no respite from the rupee's decline on Thursday as the currency fell to a new all-time low of Rs176.42 against the US dollar due to a gigantic import bill for November and a widening o...

Against USD: Pakistani rupee posts consecutive gains – Markets

Jeremy Cook

December 1, 2021

Current Account

The Pakistani rupee has posted consecutive gains against the US dollar, appreciating another 0.14% in the interbank market on Wednesday. According to the State Bank of Pakistan (SBP), the PKR closed at 175.48 ...

Pakistan’s Recent Policy Steps to Reduce Growing External Risks: Fitch – Markets

Jeremy Cook

November 24, 2021

Current Account

Fitch Ratings said on Wednesday it believed recent Pakistani policy adjustment measures would help reduce growing external risks. Fitch Ratings Inc, a US credit rating agency and one of the 'big three' along w...

European Commission hurts Greece and Cyprus with questionable forecasts

Jeremy Cook

November 21, 2021

Current Account

By Les Manison The European Commission's autumn 2021 forecasts for Greece and Cyprus are excessively optimistic, in particular on inflation rates and public finances. By making these fanciful forecasts, impli...

October’s current account deficit widens sharply due to higher imports

Jeremy Cook

November 20, 2021

Current Account

KARACHI: Pakistan's current account deficit in October widened sharply from the previous year, due to rising imports, data from the State Bank of Pakistan showed on Friday. The deficit widened to $ 1.66 bi...

Macklem aims to play bigger role on world stage after year of home fire extinguishing

Jeremy Cook

October 12, 2021

Current Account

Breadcrumb Links New PF Economy The rules of global finance are being rewritten and Tiff Macklem intends to be part of it Author of the article: Kevin carmichael Bank of Ca...

Widespread vaccination boosts economic activity in Oman

Jeremy Cook

October 11, 2021

Current Account

Muscat - The acceleration of COVID-19 vaccination efforts has helped Oman restore economic activity. As widespread immunization contained the pandemic and allowed the government to fully reopen the economy, t...

Covid impact: inflation in Turkey at a record level

Jeremy Cook

October 5, 2021

Current Account

Annual inflation rose to 19.58 in September from 19.25% in August, according to official data released on Monday. Ankara: The economic fallout from the Covid-19 pandemic in Turkey has caused painful in...

Fragile economic recovery

Jeremy Cook

October 1, 2021

Comparative Advantage

The writer is a group director at Jang Group. Make too many promises and sooner or later a government will find out that not everything can be kept. This is especially true of economic policy where it is ...

Import of 114 additional items: SBP imposes 100 pc cash margin requirement

Jeremy Cook

September 30, 2021

Current Account

KARACHI: In order to keep the exchange rate stable and control the rising import bill, the State Bank of Pakistan (SBP) on Thursday announced a 100% cash margin (CMR) requirement on import of 114 additional ite...

The financial sector has passed the severe phase of the pandemic shock of Covid-19 “with enough success”

Jeremy Cook

September 29, 2021

Current Account

As a result of the measures taken by the National Bank of Georgia (NBG) aimed at ensuring the stability of the financial system as a whole in Georgia, the financial sector has passed the particula...

Monthly economic outlook highlights surge in remittances, exports and imports

Jeremy Cook

September 28, 2021

Current Account

ISLAMABAD: The Ministry of Finance on Tuesday released a monthly economic outlook for August 2021, highlighting an increase in remittances, imports, exports and the current account deficit, ARY NEWS reported. T...

Staff completes 2021 Article IV mission to Cambodia

Jeremy Cook

September 28, 2021

Current Account

End-of-mission press releases include statements from IMF staff teams conveying preliminary findings after a country visit. The views expressed in this statement are those of the staff of the IMF and do not ne...

Economic equilibrium

Jeremy Cook

September 26, 2021

Current Account

This government is facing a decline in the rupee for the second time in its three-year tenure, not to mention runaway inflation and rising inflation which are clear signs of the regime's political failures...

Balance of payments and exchange rates

Jeremy Cook

September 25, 2021

Current Account

Muhammad Mahmood | Posted: Sept. 25, 2021, 8:55 p.m. Behavioral links between balance of payments and exchange rates have long been recognized as early as the 14th century, when secondary markets ...

SBP orders banks to report foreign exchange requirements of $ 500,000 and more for overseas purchases

Jeremy Cook

September 25, 2021

Current Account

KARACHI: The State Bank of Pakistan (SBP) has issued new regulations, requiring banks to declare $ 500,000 and more of their future foreign exchange requirements for overseas purchases, apparently in an at...

Economic bubble?

Jeremy Cook

September 22, 2021

Current Account

As Pakistan faces a growing current account deficit, questions surrounding its pace of economic growth and its inability to protect households against rising inflation have once again appeared on the horiz...

New tax on electricity consumption: PPP president intensifies criticism of PTI government

Jeremy Cook

September 18, 2021

Current Account

ISLAMABAD: Pakistan People's Party (PPP) Chairman Bilawal Bhutto Zardari said on Saturday that if we are to get rid of inflation, we must send Pakistani government Tehreek-e-Insaf (PTI) home. “After the intro...

Rising current account deficit should keep rupee under pressure

Jeremy Cook

September 18, 2021

Current Account

KARACHI: The rupee / dollar parity is likely to face further pressure on the current account deficit to balloon next week. The local currency had already hit an all-time low dur...

The rupee remains stable against the dollar; throw a paisa

Jeremy Cook

September 17, 2021

Current Account

The Pakistani rupee was almost stable against the US dollar in the interbank on Friday and lost only one paisa (-0.01%). According to the State Bank of Pakistan, the US dollar opened at Rs 168.18 and closed at ...

Pakistan’s current account deficit hits $ 1.5 billion in August

Jeremy Cook

September 17, 2021

Current Account

KARACHI: Pakistan's current account (CAD) deficit widened to $ 1.5 billion in August 2021, from $ 0.8 billion in July, data released by the State Bank of China showed on Friday. Pakistan (SBP). "The recent ri...

SBP expected to keep key rate unchanged this year, analysts say

Jeremy Cook

September 14, 2021

Current Account

State Bank of Pakistan. Photo: file Inflation and the current account situation seem manageable, according to an analyst.Analysts believe monetary policy will be tightened after January 2022.SBP woul...

Sri Lanka’s central bank imposes 5.0% cap on foreign currency deposits

Jeremy Cook

August 25, 2021

Current Account

ECONOMYNEXT - Sri Lanka's central bank ordered a 5.0% cap on foreign currency deposits in a bid to narrow the gap between rupee and dollar yields, according to an ordinance under the countr...

The competitiveness of the Spanish external sector: where is it now and where is going

Jeremy Cook

August 4, 2021

Current Account

Luis Pinheiro de Matos (CaixaBank Research | The pandemic has been felt in all sectors of the economy, especially in tourism services, a key sector for the Spanish economy. However, the external sector ha...

IMF Executive Board concludes 2021 Article IV consultation with Ghana

Jeremy Cook

July 20, 2021

Current Account

Washington, DC - July 20, 2021: The Executive Board of the International Monetary Fund (IMF) concludes the Article IV consultationwith Ghana on July 19, 2021.Ghana has been hit hard by the COVID-19 pandemic. T...

YoY 22 current account deficit set to widen: report

Jeremy Cook

July 19, 2021

Current Account

Home " General " Business " YoY 22 current account deficit set to widen: report Posted By: Gopi July 19, 2021 New Delhi, July 19 (SocialNews.XYZ) India's current account deficit for year 22 year-on-yea...

Oil turmoil reminds markets of inflation sore spots

Jeremy Cook

July 6, 2021

Current Account

LONDON, July 6 (Reuters) - OPEC + spirit of initiative has pushed oil prices to $ 80 a barrel, the highest since 2018, threatening to upset central banks' transient inflation rhetoric as well as post-pandemi...

Gold imports jump to $ 6.91 billion in April-May on weak base effect

Jeremy Cook

June 27, 2021

Current Account

Gold imports, which affect the current account deficit, reached USD 6.91 billion (Rs 51,438.82 crore) in April-May 2021 due to a weak base effect as a result of the COVID-19 pandemic, according to ...

Global stocks mix as investors seek new catalysts to buy stocks

Jeremy Cook

June 23, 2021

Current Account

Text size The New York Stock Exchange on Wall Street on Mar...

Return of Russians boosts prospects for Turkish tourism

Jeremy Cook

June 22, 2021

Current Account

Drop in COVID-19 cases, vaccination wave encourages sectorRussia halted tourist flights to Turkey on April 15Tourism revenues fell by two-thirds last yearISTANBUL, June 22 (Reuters) - Thousands of Russian to...

The country’s food imports up 24%

Jeremy Cook

June 20, 2021

Current Account

ISLAMABAD: The country imported food products worth 1,200 billion rupees between July and May of the current fiscal year, up 24% from the previous year. According to the Pakistan Bureau of Statistics (...

Saudi Arabia’s post-COVID economic recovery will accelerate in second half of 2021, IIR says

Jeremy Cook

June 16, 2021

Current Account

Saudis at a job fair in Riyadh. Saudi ...

Turkey’s current account deficit narrowed in April

Jeremy Cook

June 15, 2021

Current Account

(Photo by Mustafa Kaya / Xinhua) Turkey's current account deficit narrowed in April, central bank data revealed on Monday. The current account deficit fell to $ 1.71 billion from $ 3...

NBP released balance of payments results for April

Jeremy Cook

June 14, 2021

Current Account

The National Bank of Poland reported a current account surplus in April 2021 of 1,740 million euros against a consensus of 1,260.5 million euros in surplus. Exports rose 69.2% in April. On an annual basis...

Nomura raises India’s GDP forecast for 2022 to 7.7%; sees inflation at 5.3%

Jeremy Cook

June 11, 2021

Current Account

Despite the second wave of Covid infections that has crippled economic activity in most cities in recent months, Nomura has raised India's gross domestic product (GDP) forecast for 2022 by 0.7 poin...

a subject of public debate

Jeremy Cook

June 7, 2021

Current Account

ISLAMABAD: The growth of gross domestic product (GDP) would be 3.94%, announces the National Accounts Committee. No, it will not be since the State Bank was not in unison, object some experts and medi...

Making Pakistan’s geo-economic dreams a reality – OpEd – Eurasia Review

Jeremy Cook

May 31, 2021

Current Account

By Hamael Kashif Pakistani Foreign Minister Shah Mehmood Qureshi on Saturday held a virtual conference with select members of the US Congress, in which the minister expressed a desire to forge a mutually b...

Sensex at 200,000 in 10 years, says Raamdeo Agrawal of Motilal Oswal

Jeremy Cook

May 31, 2021

Current Account

Sensex may hit the 2 lakh mark over the next 10 years, said seasoned market expert Raamdeo Agarwal, indicating an annualized growth rate of nearly 15% for the frontline BSE index compared to at...

Present account deficit narrows to $ 50 million in February 21

Jeremy Cook

March 22, 2021

Current Account

ISLAMABAD, March 22 (APP): Pakistan's present account deficit narrowed to $ 50 million in February 2021, from $ 210 million in January and $ 652 million in December 2020.The present account stability in Febr...

Tagged account deficit