Washington, April 15 (IANS) Governments across the world must prioritise efficient, targeted and transparent spending to sustain public trust and economic stability, policymakers and experts said, highlighting lessons from recent fiscal crises and reform efforts across countries.At a high-level panel discussion, officials from the International Monetary Fund and finance leaders from Ecuador and Ethiopia underscored that “spending well is probably one of the cornerstones of the social pact in c…
Latest Economic Stability News & Updates
New Delhi, April 7 (IANS) Large-scale tax evasion in Pakistan’s tobacco sector, resulting in estimated annual losses of over Rs 300 billion, has emerged as a major concern amid the country’s worsening fiscal stress, according to a local media report.The report by The Express Tribune highlighted that the illicit cigarette trade continues to significantly erode government revenues, even as authorities struggle to meet tax targets and manage a widening budget deficit.Pakistan’s fiscal position has …
Islamabad, April 3 (IANS) The Pakistan government has announced a sharp increase in fuel prices, with petrol rising by 43 per cent and high-speed diesel (HSD) by 55 per cent, according to local media reports. The price of petrol has been raised by Pakistani Rupees (PKR) 137.23 per litre from PKR 321.17 to PKR 458.41 while price of HSD has been increased by PKR 184.49 per litre from PKR 335.86 to PKR 520.35, Pakistan’s leading daily Dawn reported. The price of kerosene has been raised by PKR 34.0…
New Delhi, March 22 (IANS) India is taking swift and balanced steps to manage the economic impact of the ongoing Middle East conflict, with both the government and industry working together to safeguard supply chains, energy security, and overall economic stability, according to the Confederation of Indian Industry (CII) on Sunday.CII Director General Chandrajit Banerjee said that India entered this challenging period from a position of strength.He noted that years of economic reforms and the go…
Mumbai, March 17 (IANS) Pakistan’s recent signs of economic stability are now under fresh pressure as rising tensions in the Middle East threaten to disrupt its fragile recovery, a report has said. The escalation involving the United States, Israel and Iran has raised concerns over the country’s heavy dependence on the Gulf region for energy, remittances and financial support, according to The News International report.In recent months, Pakistan had shown improvement in key economic indicato…
New Delhi, Feb 23 (IANS) While the Pakistan government claims that the country’s economy has been revived from the brink and is now stable, the harsh reality is that poverty has climbed to an 11-year high of 29 per cent and income inequality is at levels not seen in nearly three decades, according to an article in the Pakistani media.The article in the Lahore-based The Friday Times further pointed out that real household incomes have shrunk and unemployment is at a 21-year peak. For millions o…
New Delhi, Feb 3 (IANS) Senior government officials on Tuesday welcomed the India-US trade deal, saying it has reduced uncertainty in the global economic environment and brought relief to Indian industry.Speaking at FICCI’s conference on Union Budget 2026–27, Secretary of the Department of Economic Affairs Anuradha Thakur said a ‘great deal of uncertainty’ was removed after the trade agreement was announced between India and the United States.“Despite growing geopolitical challenges ac…
New Delhi: Pakistan is trying to sell two futures at once — and neither is guaranteed. Even as Islamabad markets the JF-17 as a “budget multirole” fighter to cash-strapped air forces, it is simultaneously advertising its coastline as the next energy frontier, awarding offshore oil and gas blocks after years of exploration disappointment. The spectacle is revealing: a state scrambling to monetise both defence and geology because it lacks the one commodity that matters most — a strong econ…
New Delhi, Jan 14 (IANS) The NITI Aayog on Wednesday released the Export Preparedness Index (EPI) 2024, a comprehensive assessment of export readiness across India’s states and Union Territories.Aligned with India’s objective of achieving $1 trillion in merchandise exports by 2030 and the vision of Viksit Bharat @2047, the Export Preparedness Index provides an evidence-based framework to evaluate the strength, resilience, and inclusiveness of subnational export ecosystems. The Index identifies…