RIYADH: Saudi Arabia approved its 2022 budget on Sunday, projecting a surplus for the first time since oil prices collapsed in 2014. King Salman said the improved fiscal situation for the world’s biggest oil exporter comes “after the Kingdom of Saudi Arabia has overcome the economic repercussions and the exceptional stages of the coronavirus pandemic”. Cited … Read more
RIYADH: Saudi Arabia expects a budget surplus of SR90 billion riyals ($24 billion), Saudi Press Agency reported, citing a cabinet statement. The total revenues for 2022 is estimated at SR1.05 trillion, while the spending is at SR955 billion, the statement said; following a meeting chaired by King Salman. With the Saudi budget statement for the 2022 fiscal … Read more
BEIJING: China’s international goods and services trade surplus stood at 237.8 billion yuan (about US$ 37 billion) in June, official data showed Friday. Last month, the country’s trade income amounted to nearly 1.89 trillion yuan and expenditure was over 1.65 trillion yuan, according to data released by the State Administration of Foreign Exchange. China’s goods … Read more
KARACHI: The current account of the country posted a surplus of $153 million during the 11 months (July-May) of the current fiscal year, compared with a deficit of $4.33 billion in the corresponding months of the last fiscal year, according to official data released by the central bank on Friday. The balance of payment showed … 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
