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Indian economy marches towards $5tr

16 Jul 2019

Indian economy is likely to swell to $5 trillion mark ahead of its target of 2024 despite huge challenges and global trends. This was stated by T.N. Manoharan, non-executive chairman of India’s Canara Bank recently in Dubai,

Turkey plans to shore up budget

28 Jun 2019

Turkey’s government is reviving plans to transfer the central bank’s 46 billion lira ($8 billion) in legal reserves to its budget to shore it up and is also considering adjusting some tax measures as it battles recession, sources said.

Pakistan vows to raise revenues with new budget amid IMF deal

11 Jun 2019

Pakistan Prime Minister Imran Khan’s government vowed to collect more taxes and make cuts in spending in a closely watched budget presented to parliament Tuesday, weeks after reaching a deal with the IMF for a $6 billion bailout.

Budget will allow middle class the ability to buy homes

04 Jul 2019

The middle-class tax payers may have a lot to cheer about in the Budget proposals to be presented by Finance Minister Nirmala Sitharaman on Friday.

PTI, opposition agree not to disrupt budget debate

19 Jun 2019

Following a week of ruckus in the National Assembly (NA), the government and opposition finally agreed not to disrupt debate on the federal budget - presented on June 11 - giving leader of the opposition Shahbaz Sharif the opportunity to open up the general discussion on Wednesday.

Shahbaz returns to Pakistan ahead of national budget

09 Jun 2019

Leader of the opposition in the National Assembly Shahbaz Sharif returned to Pakistan on Sunday amid strict security arrangements and a large gathering of Pakistan Muslim League-Nawaz (PML-N) workers.

Pakistan to present austerity-centred budget following IMF deal

11 Jun 2019

Pakistan Prime Minister Imran Khan’s government was set to present an austerity-focused budget on Tuesday, weeks after the country reached an agreement with the International Monetary Fund

Pakistan announces general budget, hails UAE’s deposit

12 Jun 2019

The UAE’s US$3 billion deposit with the State Bank of Pakistan has contributed to alleviating the country’s financial crisis and easing pressure on foreign exchange reserves,

India aims to raise over $47b from stake sales in state firms

12 Jul 2019

The Indian government has plans to raise as much as 3.25 trillion rupees ($47.4 billion) in the next five years by reducing its stakes in some large state-owned firms to 40%, two senior government officials told Reuters,

Sensex logs heaviest fall as budget fails to deliver

08 Jul 2019

Disappointment over the Budget proposals and muted global markets led the Sensex to log the heaviest fall in seven months on Monday. Both the key equity indices − Sensex and Nifty − fell over 2 per cent.

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