Search Results for: forex reserves

Rebuilding Pakistan's debt-ridden economy: Imran Khan ropes in foreign experts to tackle financial crisis

Pakistan's current account deficit is $18 billion while foreign exchange reserves are just over $10 billion, barely enough for two months of imports.

Sep 3, 2018

Union Budget 2017, Union Budget 2017 entertainment sector

Rupee up by 23 paise; strengthens to 70.77 against US dollar

Official data released after market hours on Friday showed India's economy grew at a two-year high of 8.2 per cent in the April-June quarter of 2018-19 on the strong performance of manufacturing and agriculture sectors. This has increased its lead over China to remain the world's fastest-growing major economy.

Sep 3, 2018

Pentagon cancels aid to Pakistan for not taking decisive action against militants

The US says Pakistan has been granting safe havens to insurgents who have been waging a war against the US-backed government in neighbouring Afghanistan for the last 17 years.

Sep 2, 2018

Venezuela's President Nicolas Maduro launched new Venezuelan cryptocurrency

14 million bolivars for a chicken? Venezuela is battling economic slump amid hyperinflation

Recently, the Venezuelan government introduced a series of reforms to further arrest the downfall of the currency including the introduction of new banknotes.

Aug 21, 2018

Asset-backed cryptocurrency investment: The inside story

"You have to think of the Blockchain as a new utility. As in, it is a new utility network for moving value and for moving assets" - William Mougayar, author.

Aug 20, 2018

Pakistan's new PM Imran Khan has to address these 5 challenges immediately

Pakistan is facing many challenges and most stem from issues like a faltering economy, extremism, overbearing military, overpopulation and dwindling water resources. Imran Khan has to address these on priority if he wants to fulfil promises he made to his voters.

Aug 19, 2018

Maruti Suzuki, Mercedes-Benz hike prices of entire range of cars in India

Maruti Suzuki and Mercedes-Benz claim adverse foreign exchange rates and the increase in commodity costs are the key reasons for the hike in price.

Aug 17, 2018

jet airways, jet airways q4 results, jet airways share price, aviation stocks, spicejet share price, spicejet q4 results

Lifeline for Jet Airways as Blackstone plans to buy stake in troubled airlines' frequent flyer arm

Jet's cash reserves have dwindled due to rising crude oil prices and intense competition in the Indian market. The airline says it is evaluating all options to meet liquidity requirements and looking at measures to enhance revenue generation and increase cost cutting.

Aug 16, 2018

Turkish turmoil downs Indian rupee; Rahul Gandhi takes swipe at PM Modi

Rahul Gandhi had tweeted a video of Narendra Modi as the then-Chief Minister of Gujarat castigating the UPA government when the rupee touched Rs 69 to a dollar mark in 2014.

Aug 14, 2018

What is Turkish economic crisis? Here's all you need to know

The Turkish economic crisis has sent a ripple across the world market

Aug 14, 2018

Amid dearer oil prices, India's forex reserves fall to 7-month low

After hitting an all-time high of $426.08 billion in the week ended April 13, the Indian forex reserves have fallen gradually since the last four months.

Aug 11, 2018

World Biofuel Day: India to save crores with ethanol blending

Prime Minister Narendra Modi said that this would help with farmers' income as well as contribute to a greener environment.

Aug 10, 2018

imf on india, imf report on india, india to overtake germany, india to surpass germany, india as 4th largest economy, imf on gst implementation, modi govt

IMF calls for privatisation of Indian banks; warns against government ownership

The International Monetary Fund affirmed the significance of a comprehensive plan to improve the governance, internal controls, and operations of public sector banks, which also included privatisation of the public sector banks.

Aug 8, 2018

Venezuelas Maduro calls Donald Trump new Hitler of international politics

Who is Nicolas Maduro? Venezuela president survives assassination attempt

Nicolas Maduro has been able to cling on to power in Venezuela, which is a top exporter of oil, despite the economy being in ruins and never-ending political turmoil. Thousands of citizens have fled the country, where food and medical supplies are in short supply and inflation is nearing one million percent.

Aug 5, 2018

Is China attempting to lure Imran Khan with its economic might?

In last the 13 months, China has proceeded a loan of $6.2 billion which is equivalent to the last aid it received from the International Monetary Fund.

Aug 2, 2018

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