20

Oct

Current account remains in deficit despite jump in exports

By Omar Qureshi Published in The Express Tribune on October 20, 2021 KARACHI: Pakistan’s current account deficit – country’s higher foreign expenditures compared to income – remained elevated at $3.4 billion during the first quarter (July-September) of fiscal year 2021-22 in wake of spike in imports coupled with higher international commodity prices. According to the State Bank […]

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20

Oct

$51.6 bn external financing required in two years

Published in The News on October 19, 2021 ISLAMABAD: Pakistan requires gross external financing of $51.6 billion within two-year period of the current fiscal year 2021-22 and next fiscal year 2022-23 in order to fulfill its needs. Without striking a deal with the IMF under the existing $6 billion Extended Fund Facility (EFF) during the ongoing parleys[…]

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16

Oct

IMF sees Pakistan’s fiscal indicators improving

By Khaleeq Kiani Published in Dawn, October 14, 2021 ISLAMABAD: The International Monetary Fund (IMF) on Wednesday forecast Pakistan’s major fiscal indicators gradually improving this year and beyond until 2026. In one of its flagship publications — Fiscal Monitor — released on Wednesday, the IMF estimated the government’s overall fiscal deficit at 6.2pc of GDP, primary deficit[…]

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