#pakistan current account deficit

[biographyit]

Pakistan records 10-year-high current account surplus

A currency trader counts Pakistani Rupee notes as he prepares an exchange of US dollars in Islamabad, December 11, 2017. — Reuters Pakistan posts $729 million current account surplus. Surplus reflects strong remittances, reduced trade deficits. November marks the 4th consecutive month of surplus. KARACHI: Pakistan posted its highest current account surplus in nearly 10 years in November, buoyed…

[news365timesindia]

[ad_1] A third researcher said Pakistan also has to cut its external expenditures through import substitution. (Photo: X @dailystar)3 min read Last Updated : Oct 14 2024 | 12:39 PM IST Pakistan's central bank has said the country is scheduled to repay a total of $ 30.35 billion in maturing foreign debt and interest payment in this financial year even as the foreign debt repayments and interest payments are rising every passing year, a media repot said on Monday. The payments over the 12 months from August 2024 to July 2025 include those significant loans which bilateral creditors roll over every year, reported the Express Tribune quoting a JS Global report, which, in turn, cited data from the State Bank of Pakistan (SBP). Click here to connect with us on WhatsApp  The report showed that Pakistan is to repay maturing foreign debt worth $ 26.48 billion and pay another $ 3.86 billion on account of interest expense in the period. Pakistan's repayments and interest payments are fully secured under the latest $ 7 billion IMF Extended Fund Facility (EFF) through the loan period of 37 months. In terms of debt-to-GDP ratio, however, the foreign debt has dropped to 20.2 per cent in August 2024 from 27.6 per cent in the same month of the last year, as the nation's economy expanded in FY24 compared to contraction in FY23. The data, however, pointed out the foreign debt repayments and interest payments are rising every passing year, emphasising upon the government economic managers, planners and parliamentarians to find ways to increase foreign income and cut external expenditures. The latest data suggests the sum of $ 30 billion is notably high compared to $ 21.2 billion (including rollovers) the country paid over the past 12 months (August 2023 to July 2024), according to the research house, JS Global. The jump in sum of repayments and interest payments for the ongoing 12 months was recorded after Saudi Arabia, UAE and IMF provided fresh loans worth around $ 4 billion in late June and July 2023 and IMF lent another $ 2 billion between August 2023 and April 2024, mounting the repayment pressure (including significant rollover) in the years to come. Citing the latest IMF documents, Topline Research, however, reported the country's gross external financing requirement has dropped to a 9-year low of $ 18.8 billion (excluding expected rollovers and contained current account deficit) for the ongoing fiscal year (July 2024 to June 2025). However, Pakistan is also estimated to add up fresh foreign loans to the tune of $ 3 billion to $ 4 billion in the ongoing fiscal year (FY25), another researcher said. A third researcher said Pakistan also has to cut its external expenditures through import substitution. Such remedies would help improve the nation's capacity to make external payments and boost foreign exchange reserves, according to The Express Tribune report. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)First Published: Oct 14 2024 | 12:39 PM IST [ad_2] Source link

[news365times]

[ad_1] A third researcher said Pakistan also has to cut its external expenditures through import substitution. (Photo: X @dailystar)3 min read Last Updated : Oct 14 2024 | 12:39 PM IST Pakistan's central bank has said the country is scheduled to repay a total of $ 30.35 billion in maturing foreign debt and interest payment in this financial year even as the foreign debt repayments and interest payments are rising every passing year, a media repot said on Monday. The payments over the 12 months from August 2024 to July 2025 include those significant loans which bilateral creditors roll over every year, reported the Express Tribune quoting a JS Global report, which, in turn, cited data from the State Bank of Pakistan (SBP). Click here to connect with us on WhatsApp  The report showed that Pakistan is to repay maturing foreign debt worth $ 26.48 billion and pay another $ 3.86 billion on account of interest expense in the period. Pakistan's repayments and interest payments are fully secured under the latest $ 7 billion IMF Extended Fund Facility (EFF) through the loan period of 37 months. In terms of debt-to-GDP ratio, however, the foreign debt has dropped to 20.2 per cent in August 2024 from 27.6 per cent in the same month of the last year, as the nation's economy expanded in FY24 compared to contraction in FY23. The data, however, pointed out the foreign debt repayments and interest payments are rising every passing year, emphasising upon the government economic managers, planners and parliamentarians to find ways to increase foreign income and cut external expenditures. The latest data suggests the sum of $ 30 billion is notably high compared to $ 21.2 billion (including rollovers) the country paid over the past 12 months (August 2023 to July 2024), according to the research house, JS Global. The jump in sum of repayments and interest payments for the ongoing 12 months was recorded after Saudi Arabia, UAE and IMF provided fresh loans worth around $ 4 billion in late June and July 2023 and IMF lent another $ 2 billion between August 2023 and April 2024, mounting the repayment pressure (including significant rollover) in the years to come. Citing the latest IMF documents, Topline Research, however, reported the country's gross external financing requirement has dropped to a 9-year low of $ 18.8 billion (excluding expected rollovers and contained current account deficit) for the ongoing fiscal year (July 2024 to June 2025). However, Pakistan is also estimated to add up fresh foreign loans to the tune of $ 3 billion to $ 4 billion in the ongoing fiscal year (FY25), another researcher said. A third researcher said Pakistan also has to cut its external expenditures through import substitution. Such remedies would help improve the nation's capacity to make external payments and boost foreign exchange reserves, according to The Express Tribune report. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)First Published: Oct 14 2024 | 12:39 PM IST [ad_2] Source link

[mcqpin]

Syllabus of Economics Business Economics-309 for 12th class

There will be one Question Paper which will have 50 questions out of which 40 questions need to be attempted from Economics/Business Economics 309. You can prepare complete syllabus for 12th exam and CUET competitive exam on mcqpin. Unit I: Introduction to Microeconomics - What is microeconomics? - Central problems Unit II: Consumer Behaviour and Demand - Consumer’s Equilibrium: meaning and attainment of equilibrium through Utility Approach: One and two commodity cases. - Demand: market demand, determinants of demand, demand schedule, demand curve, movement along and shifts in the demand curve, price elasticity of demand, measurement of price elasticity of demand – percentage, total expenditure, and geometric methods

Introductory Macroeconomics

Unit III: National Income and Related Aggregates — Basic Concepts and Measurement - Macroeconomics: meaning. - Circular flow of income, concepts of GDP, GNP, NDP, NNP (at market price and factor cost). - Measurement of National Income –Value Added method, Income method, and Expenditure method. Unit IV: Determination of Income and Employment - Aggregate demand, aggregate supply, and their components - Propensity to consume and propensity to save (average and marginal) - Meaning of involuntary unemployment and full employment - Determination of income and employment: two-sector model - Concept of investment multiplier and its working - Problems of excess and deficient demand - Measures to correct excess and deficient demand – availability of credit, change in government spending Unit V: Money and Banking - Money: meaning, evolution, and functions - Central bank: meaning and functions - Commercial banks: meaning and functions Unit VI: Government Budget and the Economy - Government budget – meaning and its components - Objectives of government budget - Classification of receipts – revenue and capital; classification of expenditure – revenue and capital, plan and non-plan, and developmental and non-developmental - Balanced budget, surplus budget, and deficit budget: meaning and implications - Revenue deficit, fiscal deficit, and primary deficit: meaning and implications; measures to contain different deficits. Unit VII: Balance of Payments - Foreign exchange rate meaning (fixed and flexible), merits and demerits; determination through demand and supply - Balance of payments accounts ¡V meaning and components - A brief analysis of recent exchange rate issues INDIAN ECONOMIC DEVELOPMENT Unit VIII: Development Experience (1947-90) and Economic Reforms since 1991 - A brief introduction of the state of the Indian economy on the eve of independence. Indian economic system and common goals of Five year Plans. - Main features, problems and policies of agriculture (institutional aspects and new agricultural strategy), industry (IPR 1956; SSI role & importance) and foreign trade. Unit IX: Current challenges facing the Indian Economy - Poverty absolute and relative; Main programmes for poverty alleviation: A critical assessment; - Human Capital Formation ¡V How many people become resource; Role of human capital in economic development; - Rural development: Key issues ¡V credit and marketing ¡V role of cooperatives; agricultural diversification; - Employment: Growth and changes in work force participation rate in formal and informal sectors; problems and policies - Infrastructure: Meaning and Types: Cases Studies: Health: Problems and Policies ¡V A critical assessment; - Sustainable Economic Development: Meaning, Effects of Economic Development on Resources and Environment, including global warming Unit X: Development Experience of India - A comparison with neighbours - India and Pakistan - India and China - Issues: economic growth, population, sectoral development and other Human Development Indicators Also view Syllabus of Accountancy Book Keeping-301 for Class 12th Read the full article

[techi001]

ADB Expects Pakistan's Economy to Slow Down Even Further This Year

The Asian Development Bank (ADB) has massively cut down Pakistan’GDP estimate to 0.6 percent for the current fiscal year, while saying that economic growth is expected to slow significantly in the fiscal year 2023 (ends 30 June 2023) in the wake of last year’s devastating floods, ballooning inflation, a current account deficit, and an ongoing foreign exchange crisis. According to the Asian…

[worldspotlightnews]

Rupee depreciation, admin controls shrink CAD to almost two-year low in Feb

  A general view of a container terminal at a port. — Reuters/File Deficit shrinks 68% to $3.9bn in eight months of current fiscal year. Exports fell 24% year-on-year to $2.198 billion in February. During Jul-Feb FY2023, exports decreased 10% to $18.639 billion. KARACHI: Pakistan’s current account deficit dropped to an almost two-year low in February as the imports reduced because of…

[gamekai]

Pakistans Current Account Deficit Shrinks 90 Pct In January

Pakistan’s current account deficit shrank by 90 percent in January 2023 as compared to the same month last year as the government continued with its strategy to restrict imports to evade an external payments crisis, the State Bank of Pakistan (SBP) has said XINHUA/, (UrduPoint / Pakistan Point News – 22nd Feb, 2023 ):Pakistan’s current account deficit shrank by 90 percent in January 2023 as…

[pebblegalaxy]

Economic Crisis in Pakistan #EconomicCrisis #Pakistan

Pakistan is currently facing a multi-dimensional economic crisis, characterized by high inflation, large fiscal and current account deficits, and low growth. The main factors contributing to the crisis include: Energy crisis: Pakistan has struggled with energy shortages for years, which have hampered economic growth and increased production costs. Political instability: Political turmoil and…

[gamegill]

Current account deficit falls to $0.4bn in Dec: SBP - Business

The State Bank of Pakistan (SBP) on Wednesday said the current account deficit (CAD) fell to $0.4 billion in December 2022 from $1.9bn a year earlier, as the cash-strapped government slashed imports in a bid to avert an external payments crisis. Foreign exchange reserves held by the central bank stand at $4.3bn — enough cover for just three weeks of imports — and the International Monetary Fund’s…

[tezlivenews]

पाकिस्तान की अर्थव्यवस्था को इमरान ने किया बर्बाद, चालू खाता घाटा बढ़कर 1.6 अरब डॉलर तक पहुंचा

पाकिस्तान की अर्थव्यवस्था को इमरान ने किया बर्बाद, चालू खाता घाटा बढ़कर 1.6 अरब डॉलर तक पहुंचा

हाइलाइट्स पाकिस्तान की अर्थव्यवस्था को तगड़ा झटका, स्टेट बैंक ने जारी किए आंकड़े पाकिस्तान का चालू खाता घाटा अक्टूबर में बढ़कर 1.6 अरब डॉलर हुआ इमरान खान ने देश का बेड़ा गर्क किया, लगातार ले रहे विदेशों से कर्ज इस्लामबादइमरान खान के प्रधानमंत्री बनने के बाद पाकिस्तान की अर्थव्यवस्था लगातार डूबती जा रही है। शुक्रवार को स्टेट बैंक ऑफ पाकिस्तान ने जो आंकड़े जारी किए हैं, उससे पूरे देश की चिंता बढ़…

[indizombie]

Pakistan secured a $6 billion loan from the International Monetary Fund (IMF) designed to help the South Asian nation avert an economic crisis. The lender’s executive board will meet to approve Pakistan’s request for the 39-month loan, “subject to the timely implementation of prior actions and confirmation of international partners’ financial commitments," IMF’s mission chief Ernesto Ramirez Rigo said. The loan would represent the 13th bailout since the late 1980s from the IMF to Pakistan, which is facing a balance-of-payments crisis triggered by high fiscal and current-account deficits and dwindling foreign exchange reserves. The pact was reached after Prime Minister Imran Khan overhauled his economic team, including the installation of Reza Baqir, who previously served in senior positions at the IMF, as the central bank governor. The crisis prompted rating companies to downgrade Pakistan’s credit score, triggering an 18% slide in the nation’s currency and pushing the benchmark KSE-100 index of stocks to near the lowest level in almost three years.

'Pakistan, IMF agree on $6 billion bailout to ease crisis', Livemint

[goodluckpakistan]

Asim Saleem Bajwa, CPEC Authority Chairman Lt-General (retd) tweeted that clusters of tech institutes would be established around the Special Economic Zones (SEZs) being constructed under the China Pakistan Economic Corridor (CPEC).

The institutes will be preparing youth for the jobs in CPEC projects, this is our top priority, He said.

He added, “Gwadar Technical Institute to cater for new industry in a free zone is coming up fast”.

[inventivaindia]

Pakistan's government panics as UAE demands its USD 1 billion back from the country

Pakistan’s government panics as UAE demands its USD 1 billion back from the country

In a recent event that took place between Pakistan and United Arab Emirates left the former in a state of panic, creating another incident of embarrassment of Pakistan in the world. The United Arab Emirates has demanded its USD 1 billion back from Pakistan, with a deadline of March 12, 2021 which, by the time you read this article would be gone and unsurprisingly, the Imran Khan-led ruling…

[techi001]

Current Account Deficit Shrinks Sharply by 90% in January, Lowest in 21 Months

Pakistan’s current account deficit (CAD) decreased by 90 percent on a year-on-year (YoY) basis to clock in at $242 million in January 2023, data released by the State Bank of Pakistan (SBP) showed on Monday. The country recorded a current deficit of $2.47 billion during the same period of the previous fiscal year (FY22). At $0.24 billion, this monthly deficit is the lowest after 21 months, and…

[worldspotlightnews]

Pakistan’s current account deficit hits two-year low | The Express Tribune

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 manage with low foreign exchange reserves and high risk of default on foreign debt repayments. The low imports, however, slowed down…

[tazatta18]

Is USD/PKR Going to Touch 185 or Will Go Back to 152 Rupees in Future? https://youtu.be/ziji_uf7T2E Traders and industrialists have expressed concern over the devaluation of the Pakistan rupee against the US dollar, saying that the local currency's fall has far-reaching implications including increasing the cost of production. Lahore Chamber of Commerce and Industry (LCCI) President Mian Tariq Misbah, while talking to a private TV channel, said exporters were happy with the appreciation of the dollar, but the local industry is dependent on imported raw material, urging the government to take notice. “The survival of our local industry would become very difficult if the trend persists,” he said. LCCI Vice President Tahir Javed Chaudhry, said that the continuous rise in the value of the dollar is also increasing the debt burden on the government. Consequently, the citizens would suffer due to higher inflation. The currency has lost over 5% since July 2021 alone, and has been on a downward trend for over four months as a heavier import bill and widening current account deficit take their toll. 'Demand-side pressure' drives Pakistani rupee to 12-month low KASB Securities Managing Director AH Soomro said that if the deficit widens further, PKR could fall to 170 against USD, adding that the economy 'overheats' when the discount rate is at 7%. The country’s trade deficit also ballooned by 133% to $ 4.055 billion in August 2021 from $ 1.740 billion in August 2020. Exports posted a month-on-month negative growth of over 3.5% to $ 2.257 billion in August 2021 as compared to $2.340 billion in July 2021. #currency #cryptocurrency #pakistanirupees #pakistan #ispr #finance #financialcrisis #moneylaundering #crisis #imf #worldbank #asaindevelopmentbank #uno #turkey #china #russia #afganistan #usa #america #dollar #dollars #dollarrate #dollarrateinpakistan #statebankofpakistan #bankcorrupt #savepakistan #needhelp #economy #sbp #pakistaneconomy @isprofficial1 @imrankhan.pti @smqureshi.pti @govtofpakistan @ptiofficial @waqarzaka @un_ocha @unitednations @rterdogan @the_imf @adb_hq @worldbank @haqeeqat.tv @haqeeqattv2.0 https://www.instagram.com/p/CTdAkkpMmpZ/?utm_medium=tumblr