New Delhi, March 24 (IANS) The decision to enter another IMF funding arrangement has been a subject of continuous debate in Pakistan, as the country has already gone to the multilateral lending institution as many as 24 times for bailout packages to restore its macroeconomic vulnerabilities.Pakistan’s economy has been growing in a “stop-start” pattern as it improves for a while, with these IMF programmes bringing some stabilisation in the short-term, but then worsens again as there is no susta…
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Seoul, March 10 (IANS) The South Korean economy expanded 1 per cent in 2025 amid strong exports but posted negative growth in the fourth quarter, central bank data showed on Tuesday.The country’s real gross domestic product (GDP) — a key measure of economic growth — contracted 0.2 per cent from the previous quarter in the October-December period, compared with its earlier estimate of a 0.3 per cent contraction, according to the preliminary data from the Bank of Korea (BOK).It marked the countr…
Seoul, March 6 (IANS) South Korea recorded its fifth-largest monthly current account surplus in January, driven by a semiconductor upcycle and strong exports, central bank data showed on Friday.The current account surplus totalled US$13.26 billion in January, down from $18.7 billion in December, according to the Bank of Korea (BOK).Compared with the same month a year earlier, however, the figure surged 397.4 percent, marking the fifth-largest monthly surplus on record, reports Yonhap news agency…
New Delhi, March 5 (IANS) India-Finland bilateral trade rose 19 per cent in April–December (FY26) compared to the same period last year, marking “a new phase of momentum and structural realignment”, a report said on Thursday amid Finnish President Alexander Stubb’s first official visit to the country.The report from Rubix Data Sciences said that exports have been the key driver of the renewed momentum, rising at 11 per cent year‑on‑year in April–December of FY26.“As both governments …
Kathmandu, Feb 23 (IANS) The local administration in Nepal’s Parsa district on Monday imposed a curfew in parts of the border town of Birgunj, citing security concerns following tensions between Hindu and Muslim groups in the Shripur area of the city.Tensions between the two communities in Birgunj surfaced a few days after similar clashes erupted in Gaur, the district headquarters of another southern border district, Rautahat.These incidents have occurred just days ahead of the scheduled elect…
New Delhi, Jan 23 (IANS) Pakistan’s exports plummeted by 20.4 per cent in December 2025, marking the fifth consecutive monthly decline that reflects the deep-rooted economic crisis plaguing the country, according to official figures.Exports contracted to approximately $2.32 billion from nearly $2.91 billion in December 2024. Imports, on the other hand, continued to expand, rising by about 2 per cent to $6.02 billion, pushing the monthly trade deficit up by nearly 24 per cent to $3.7 billion, a…
Seoul, Jan 9 (IANS) South Korea posted its largest-ever current account surplus for any November, supported by strong exports amid an upcycle in the semiconductor industry, central bank data showed on Friday.The country’s current account surplus totalled US$12.24 billion in November, up sharply from $6.81 billion a month earlier, according to the data from the Bank of Korea (BOK), reports Yonhap news agency.It marked the highest level for any November since the BOK began compiling relevant data …
New Delhi, Jan 7 (IANS) While the 7.4 per cent GDP growth rate projected for FY 26 in the first advance estimates of the Ministry of Statistics “is quite expected and reasonable”, the actual figure is eventually likely to be higher at around 7.5 per cent, an SBI Ecowrap report released on Wednesday stated.”We believe that GDP growth for FY26 would be around 7.5 per cent with an upward bias. The second advance estimates, incorporating additional data and revisions, are scheduled to be released on…
New Delhi, Jan 6 (IANS) A sharp fall of 20.4 per cent in Pakistan’s exports in December — the fifth consecutive month of declining overseas shipments of the country — underscores that the slump stems from structural factors and can no longer be dismissed as a temporary setback, according to an article in the local media.The article in the Dawn observed that Pakistan’s poor export performance has always remained the weakest link in its external sector stability chain. This has become even m…
New Delhi, Jan 5 (IANS) Pakistan’s official figures citing 3.7 per cent economic growth in Q1 FY26 is likely an accounting illusion on paper rather than real increases in production or exports, a report has said.A report from Express Tribune cited the think tank Economic Policy and Business Development’s (EPBD) view that the growth approved by the National Accounts Committee (NAC) reflects “methodological artefacts, deflator manipulation and import-led assembly activity,” instead of real gains i…