Tag: Deficit

Pakistan's trade deficit widened to $15.59 billion in fiscal year ended June 2011, compared with $15.42 billion for the 2009/10 fiscal year, the Federal...

The Sindh Industrial Trading Estates (SITE) unveiled on Monday the deficit budget of Rs 1.187 billion for the fiscal year 2011-2012. Moreover, in order to...

For a country where the highest viewership is for talk shows and the only external entertainment source is restaurants, a lack of diversity of...

The government has approached the Islamic Development Bank (IDB) for urgent release of $160 million to bridge the fiscal deficit resulting from the delay...

With the unveiling of Balochistan Budget the overall consolidated Provincial Budget balance is expected to report a deficit of Rs5.6 billion whereas the Federal...

Commerce Minister Makhdoom Amin Fahim on Wednesday said the energy crisis had primarily led to a decline in industrial production and feared the trade...

Blaming "a strategic shift of the US policy towards India" for an "acute deficit of trust" between them, former president Pervez Musharraf has suggested...

The issue of scarcity of water seems to have taken a back seat in both the federal and provincial governments, even though the agriculture...

No new taxes are likely in Sindh’s budget for fiscal year 2011-12, despite the fact that the budget deficit is estimated to be more...

The country is likely to see the budget deficit ballooning to 6.5 percent of the gross domestic product (GDP), as the State Bank of...

Pakistan Railways (PR) has estimated a deficit of around Rs 62 billion for the next fiscal year against an expected earning of Rs 20...

The country’s budget deficit for the first nine months of FY11 has climbed to a ‘concerning’ Rs 783 billion or 4.5 percent of the...

Italy must reform to boost its slow growth rate, the OECD said, warning that with bond markets jittery and a high debt level that...

MOSCOW - Vladimir Putin on Wednesday needled the United States for running an outsized budget deficit and running deep into debt in comments touting his own economic achievement as Russian prime minister.
"Look at their trade balance, look at the budget deficit, at the debt of the United States," Russia's de facto leader said in closing comments to his annual address to parliament. "We have none of that -- and, I hope, we never will," Putin said to a strong round of applause.

KARACHI - The country's trade deficit has narrowed down by 2.24 percent or $184 million during the first nine months of the current financial year. The country's economic managers might be drumming the victory beats on the back of healthy inflows of dollars on account of exports and home remittances that put country's external sector in green - witnessing a surplus of $1.6 billion in July-February of FY11. A robust growth in exports and relatively lower imports are believed to have

KARACHI - A hefty trade deficit of Pakistan had eroded the inflow of remittances and the impact of growth in exports in nine months of the current financial year. From July 2010 to March 2011, the country had sustained a trade deficit of $11.21 billion with exports amounting to $17.80 billion while imports expanded to $29.01 billion.
In the nine months of the current fiscal period, the country had received $6.54 billion remittances ($900 million more than the corresponding

SHANGHAI - China said Sunday it had posted its first quarterly trade deficit in seven years, despite a narrow surplus in March, as rising commodity prices pushed manufacturers' costs higher.
China recorded a small trade deficit of $1.02 billion for the first quarter, its first since the beginning of 2004. But analysts said a large trade surplus was expected for the full year as its exports tend to grow later in the year.
"China's demand is strong and the prices of bulk