balance of payments

Egypt urges IMF for $4.8 bn loan


August 23rd, 2012 - 9:03 am ICT by IANS
Cairo, Aug 23 (IANS) Egypt sought a $4.8 billion loan from the International Monetary Fund (IMF) during a meeting held between President Mohamed Morsi and Christine Lagarde, the IMF chief, ... Read more...

Posted in Business |

Bangladesh’s current account surplus rises


July 9th, 2012 - 1:56 pm ICT by IANS
Dhaka, July 9 (IANS) Bangladesh's current account balance recorded a surplus of $754 million in July-May period of the 2011-12 fiscal ended last month, a central bank official said.Quoting Bangladesh ... Read more...

Posted in Business |

PM directs steps to revive growth and reverse pessimism (Roundup)


June 27th, 2012 - 11:33 pm ICT by IANS
New Delhi, June 27 (IANS) Prime Minister Manmohan Singh Wednesday asked the policy planning and finance ministry officials to take immediate steps to improve the economy and reverse ... Read more...

Posted in Business |

PM assures growth, reforms, stable rupee


June 24th, 2012 - 12:50 am ICT by IANS
On Board Air India One, June 23 (IANS) Prime Minister Manmohan Singh has sought to assure investors of every step, including reforms, to restore confidence on India while also ... Read more...

Posted in Business |

BJP raises concern over depreciating rupee


May 16th, 2012 - 8:08 pm ICT by IANS
New Delhi, May 16 (IANS) Bharatiya Janata Party (BJP) leader Murli Manohar Joshi Wednesday raised concerns over the depreciating value of the rupee against the dollar and questioned if ... Read more...

Posted in Politics |

Mexican government expects economy to grow in 2013


April 12th, 2012 - 11:19 am ICT by IANS
Mexico City, April 12 (IANS/EFE) Mexico's gross domestic product (GDP) is expected to grow 3.8 percent in 2013, with inflation running at 3 percent, the budget deficit at 2 percent ... Read more...

Posted in Business |

Exports drive deficit down on New Zealand balance sheets


March 21st, 2012 - 1:47 pm ICT by IANS
Wellington, March 21 (IANS) New Zealand's current account deficit fell in the December quarter last year, as exports particularly dairy products rose and foreign investors took lower dividends from the ... Read more...

Posted in Business |

New Zealand’s current account deficit up in Q3


December 21st, 2011 - 2:48 pm ICT by IANS
Wellington, Dec 21 (IANS) New Zealand's current account deficit was 2.7 billion NZ dollars ($2.08 billion) in the third quarter ended September, up 700 million NZ dollars from the Q2 ... Read more...

Posted in Business |

Pakistan’s economy is faltering: Daily


December 21st, 2011 - 12:47 pm ICT by IANS
Islamabad, Dec 21 (IANS) Pakistan's economy is faltering, a Pakistani daily said Wednesday, suggesting should be a vision to pull the country out of "this sinkhole".The annual report of ... Read more...

Posted in South Asia |

Sri Lanka’s central bank keeps monetary policy unchanged


October 11th, 2011 - 2:32 pm ICT by IANS
Colombo, Oct 11 (IANS) Citing strong economic growth, Sri Lanka's Central Bank has decided to leave its monetary policy and repo rates for October unchanged, the bank said in a ... Read more...

Posted in Business |

IMF to help drought-hit Horn of Africa


August 25th, 2011 - 4:19 am ICT by IANS
Washington, Aug 25 (IANS) The International Monetary Fund (IMF) has said it is ready to provide financial aid to countries in northeast of Africa -- the Horn of Africa, ... Read more...

Posted in Health Science |

Belarus should float ruble, freeze salaries: IMF (Lead)


June 14th, 2011 - 9:36 am ICT by IANS
Minsk, June 14 (IANS) The International Monetary Fund said Monday Belarus should adopt a free floating exchange rate and freeze salaries to help stabilise the country's economy, local media reported."We ... Read more...

Posted in Business |

Pakistan’s public debt stands at Rs.9.47 trillion


February 2nd, 2011 - 3:02 pm ICT by IANS
Islamabad, Feb 2 (IANS) Pakistan's public debt stands at a whopping Rs.9.47 trillion (about $110 million), said an official statement.Dawn reported Wednesday that due to the massive public debt, the government has ... Read more...

Posted in South Asia |

IMF warns Pakistan of budget deficit


December 31st, 2010 - 3:02 pm ICT by IANS
Washington, Dec 31 (IANS) The International Monetary Fund (IMF) has issued a stern warning to the debt-ridden Pakistan to take immediate measures to cut its spiralling budget deficit, a media report ... Read more...

Posted in South Asia |

7407 Man U fans part with their cash to pay Rooney’s weekly pay


October 31st, 2010 - 6:44 pm ICT by ANI
London, Oct 31(ANI): At least 7,407 Manchester United fans is the number required through the turnstiles to pay just a week of striker Wayne Rooney's new 10 million pound annual wage, according ... Read more...

Posted in Sports |

IMF approves 1.2 billion dollar aid for Pakistan


December 24th, 2009 - 12:58 pm ICT by ANI
Washington, Dec. 24 (ANI) : In an effort to bail out Pakistan's sluggish economy, the International Monetary Fund (IMF) has approved an aid of 1.2 billion dollars for the troubled country."It is ... Read more...

Posted in South Asia |

Fiscal stimuli to continue till economy stabilises: Mukherjee


November 3rd, 2009 - 7:48 pm ICT by IANS
New Delhi, Nov 3 (IANS) Finance Minister Pranab Mukherjee Tuesday said fiscal stimuli packages announced since December last year will continue even though the central bank had indicated a phased exit ... Read more...

Posted in Business |

South Africa’s current account deficit decreases


September 5th, 2009 - 1:08 am ICT by IANS
Pretoria, Sep 4 (IANS) South Africa's current account deficit has decreased, BuaNews reported Friday quoting the South African Reserve Bank (SARB). "The negative imbalance on the current account of the balance of payments ... Read more...

Posted in Business |

Pakistan receives third tranche of IMF loan


August 12th, 2009 - 3:56 pm ICT by IANS
Karachi, Aug 12 (IANS) Pakistan has received $1.2 billion from the International Monetary Fund (IMF) as the third tranche of an emergency loan agreed to last year, the central bank said. "We ... Read more...

Posted in South Asia |

Pak to seek 3.1 billion dollar additional IMF loan


August 7th, 2009 - 4:50 pm ICT by ANI
Islamabad, Aug. 7 (ANI): Pakistan Prime Minister Yousuf Raza Gilani's financial adviser Shaukat Tarin has said that Islamabad will approach the International Monetary Fund for an additional loan of 3.1 billion ... Read more...

Posted in South Asia |

India’s financial sector is sound: Finance Commission chief


July 20th, 2009 - 3:34 pm ICT by IANS
Hyderabad, July 20 (IANS) India's financial sector is sound and the government is closely monitoring the evolving macro-economic situation, Vijay Kelkar, chairman of the 13th Finance Commission, said here Monday. ... Read more...

Posted in Business |

Dhaka’s trade deficit with Delhi, Beijing to cross $5.5 bn


July 12th, 2009 - 1:21 pm ICT by IANS
Dhaka, July 12 (IANS) Bangladesh's trade deficit with its principal partners India and China will cross $5.5 billion this fiscal, keeping up the pattern of higher imports and lower exports. The economy ... Read more...

Posted in Business |

Stronger rupee to further hit exports: Goldman Sachs


May 25th, 2009 - 1:42 pm ICT by IANS
New Delhi, May 25 (IANS) Already hit by a sluggish offshore market, export-dependent sectors such as information technology (IT), textiles, pharmaceuticals and export-oriented oil refiners will now likely be hit by the ... Read more...

Posted in Business |

FDI flow to India will remain robust: Goldman Sachs


April 6th, 2009 - 5:11 pm ICT by IANS
New Delhi, April 6 (IANS) The global economic slowdown will not affect the foreign direct investment (FDI) flow to India as the domestic demand remains "resilient", investment banker Goldman sachs said Monday. "FDI ... Read more...

Posted in Business |

Global chill brings economics in from the cold


March 30th, 2009 - 1:37 pm ICT by IANS
By Sid Astbury Sydney, March 30 (DPA) The global financial crisis has done wonders for the dismal science of economics. From Anchorage to Ankara the spooky talk about global warming has given ... Read more...

Posted in World |

‘Indian economy to start reviving in three to six months’


March 26th, 2009 - 7:50 pm ICT by IANS
Kolkata, March 26 (IANS) The Indian economy, grappling with the current global slowdown, would start reviving in three to six months, a senior government official said here Thursday. "I am reasonably hopeful that ... Read more...

Posted in Business |

EU to double bailout fund for non-euro members


March 20th, 2009 - 8:57 pm ICT by IANS
Brussels, March 20 (DPA) European Union (EU) leaders Friday agreed to double to 50 billion euros ($67.7 billion) a fund designed to prop up the currencies in member states which do not ... Read more...

Posted in Business |

Pakistan’s debt to rise by Rs.2 trillion


February 3rd, 2009 - 5:17 pm ICT by IANS
Islamabad, Feb 3 (IANS) Pakistan's public debt is expected to rise by a staggering 34 percent or Rs.2 trillion ($25 billion) in the current fiscal largely due to the massive depreciation of ... Read more...

Posted in World |

Pak accuses US of pushing it closer to bankruptcy


November 15th, 2008 - 3:20 pm ICT by ANI
London, Nov 15 (ANI): Pakistan has accused the United States of pushing it closer to bankruptcy by witholding up to 1 billion dollar in aid in military contributions despite the countrys ... Read more...

Posted in National |

India to support Pakistan in getting help from IMF


October 26th, 2008 - 3:04 pm ICT by ANI
By Naveen Kapoor Onboard Air India One, Oct 26 (ANI): Prime Minister Dr. Manmohan Singh has assured Pakistan of getting International Monetary Fund (IMF) help to bail it out from the present ... Read more...

Posted in National |

Pakistan seeking our help to rescue economy: IMF


October 22nd, 2008 - 11:23 pm ICT by IANS
Islamabad, Oct 22 (DPA) The International Monetary Fund (IMF) confirmed Wednesday that Pakistan had sought help to tackle the financial crisis the militancy-hit country is facing."The Pakistani authorities have requested discussions with ... Read more...

Posted in Business |

Pak needs five bln dlrs to avert BoP crisis


October 22nd, 2008 - 2:58 pm ICT by ANI
Islamabad , Oct 22 (ANI): Shaukat Tareen, the Pakistan Prime Ministers Financial Adviser, has said that his country needed five billion dollars from multilateral lenders and friendly countries to avert the ... Read more...

Posted in National |

US media predicts Pak economy collapse despite it receiving enough pledges


October 18th, 2008 - 4:13 pm ICT by ANI
Washington , Oct 18 (ANI): Despite Pakistan receiving enough pledges from donors to avoid a possible economic default, the US media continues to predict an impending economic collapse in the recession-hit ... Read more...

Posted in National |

No threat of Pak getting bankrupt


October 14th, 2008 - 2:25 pm ICT by ANI
Washington , Oct 14 (ANI): Shaukat Tareen, the Financial Adviser to Pakistan Prime Minister, has allayed fears of Pakistan going bankrupt, saying that debt repayments amounting to nearly 500 million dollars ... Read more...

Posted in National |

Pakistan’s foreign reserves crisis deepens


October 4th, 2008 - 5:48 pm ICT by IANS
Karachi, Oct 4 (DPA) Pakistan's foreign reserve crisis deepened further Saturday as the central bank said it had lost around $700 million in just a week.The State Bank of Pakistan's net foreign ... Read more...

Posted in South Asia |

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