South Korea exports fell 5.7% from a year earlier to $52.48 billion in October. Imports increased by 9.9% to $59.18 billion, creating a trade imbalance of $6.70 billion. The deficit will exert additional pressure on the country’s won, which is near a 13-year low. In October, South Korea exports decreased by the most in 26 … Read more
Some local governments have distributed consumption vouchers to encourage consumption. But those actions remain insufficient. China will have difficulty achieving its official 2022 economic growth target of about 5.5 percent. If more deficit spending is required to fund assistance for small firms, China can consider it, according to a former finance minister on Saturday. Lou … Read more
Top choices Spain made a triumphant beginning. Women’s European Championship crusade. After they dug out from a deficit to beat Finland in Milton Keynes. Spain, playing without the harmed Jennifer Hermoso and Alexia Putellas, soon defeated the early nerves and tracked down the balancer. [embedpost slug=”norrie-wimbledon-semis-run-leaves-britains-longing-for-more/”] Linda Sallstrom gave Finland an unexpected lead in the … Read more
Germany records its first monthly goods trade deficit in almost three decades. Deficit caused by rise in value of imports to Europe’s largest economy and decline in exports. Russia’s invasion of Ukraine and sanctions put on the European Union have reduced demand for items from Germany’s export-oriented economy. Due to inflation and trade disruptions, Germany … Read more
Amanda Anisimova ensured her most memorable appearance on Center Court. Deficit triumph over individual American Coco Gauff to arrive at the keep going. Anisimova thundered back to guarantee a 6-7(4) 6-2 6-1 triumph to arrive at the fourth round for her third consecutive Grand Slam. “It was a very extreme match today, however it was … Read more
KARACHI: The Pakistani rupee shed nine paisas to reach an all-time low of Rs202.01 on Thursday as the government failed to secure a deal with the International Monetary Fund. The local unit fell 9 paisas to close at Rs202.01 to the dollar from Wednesday’s closing of Rs201.92 in the interbank foreign exchange market. The rupee … Read more
KARACHI: Pakistan’s current account deficit has clocked-in at $12.1 billion during the first eight months (July-February) of fiscal year 2021/22, compared with the surplus of $994 million during the same period of last fiscal year, according to data released by the State Bank of Pakistan (SBP). The import bill of goods and services sharply grew 47 per … Read more
KARACHI: The import bill of Pakistan recorded a hike in November, 2021, as the country witnessed a growth of more than 82 per cent in imports on a year-on-year basis. According to data released by the Pakistan Bureau of Statistics (PBS), the imports for November 2021, reached $7.8 billion, compared with $4.3 billion in the … Read more
KARACHI: A delegation comprising senior officers of PAF Air War College led by Air Vice Marshal Hussain Ahmed Siddiqui visited the Karachi Chamber of Commerce and Industry (KCCI), where it was briefed about the role being played by the Karachi’s business community in the overall economic development of the country, a statement said on Friday. … Read more
KARACHI: The current account balance has recorded a deficit of $1.85 billion for the fiscal year 2020/21, according to the statistics of the balance of payment released by the State Bank of Pakistan (SBP) on Monday. The current account deficit; however, narrowed, compared with the deficit of $4.45 billion in the preceding fiscal year. The … Read more
KARACHI: The Pakistan economy has made an encouraging recovery during the last fiscal year but certain structural vulnerabilities still require the government’s attention, the State Bank of Pakistan (SBP) reported in its third quarterly report issued on Friday. In the report titled, The State of Pakistan’s Economy for the fiscal year 2020/21, the central bank … Read more
Pakistan’s current account went into deficit of $662 million in December after a five-month surplus. According to the report of the State Bank of Pakistan, in the first half of the current financial year, the current account surplus was $1.13 billion. In the first half of the last financial year 2020, the current account deficit … Read more
