fiscal year

India’s Economic Surge: 6.6% Growth Driven by Public Sector Demand, Says OECD

02 May 2024

According to the latest report from the OECD, India's economy is expected to grow by 7.8% in the recently ended fiscal year 2023–24, followed by a growth rate of around 6.6% in the next two fiscal years. However, there are some challenges due to changes happening globally that might slow...

Pakistan lost USD 8.3 billion in remittances, exports in previous fiscal year

16 Jul 2023

According to Dawn, Pakistan lost USD 8.3 billion in remittances and exports during the previous fiscal year because the Pakistan Muslim League-Nawaz (PML-N)-led coalition government decided to satisfy the International Monetary Fund (IMF) for a USD 1.2 billion tranche. Due to a failure to pay attention to these two large...

Bangladesh’s GDP growth to overtake China, IMF report forecasts

08 May 2023

Bangladesh's Gross Domestic Product (GDP) growth rate in the current fiscal year will overtake China, the International Monetary Fund's latest report on the Asia-Pacific region forecast, according to Daily Sun citing United News of Bangladesh. According to the latest report from the IMF, Bangladesh will be in the second position,...

Pakistan’s FDI plunges 52 per cent in four months

23 Nov 2022

Pakistan's foreign direct investment has plunged 52 per cent during the first four months of the current fiscal year (FY23) amid the crashing economic health and political instability in the country. The latest data issued by the Pakistan State Bank on Monday, showed the FDI fell to USD 348.3 million...