Tue, 21-Oct-2025

Lira’s tumble hits hard Turkey’s key construction sector: industry professionals

turkish-lira

ISTANBUL — Turkey’s construction sector has been the backbone of the country’s growth for the past two decades, but the sharp decline of the national currency has hit the sector hard amid soaring costs, industry professionals said. The sector, which accounts for about six percent of the overall gross domestic product (GDP) and employs nearly … Read more

Economic Outlook: Fiscal deficit narrows to 0.8% in first quarter

ISLAMABAD: Pakistan’s fiscal deficit narrowed to 0.8 per cent of the Gross Domestic Product (GDP) during the first quarter of the fiscal year 2021/22, according to the monthly Economic Update and Outlook for November released by the Finance Ministry. Last year, the deficit during the period was recorded at 1.1 per cent of GDP, it … Read more