External Sector News Today

KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has decided to keep the policy rate...

The State Bank of Pakistan, Monday, persistently kept policy rate unchanged at 22 percent while stressing on continuation of the current monetary policy stance to bring inflation down to the target range

Indias finance ministry highlighted the countrys "promising economic performance," citing resilient growth, stable prices, and a strong external sector in its monthly economic report for March. Despite global uncertainties, Indias economy remains robust, driven by factors like domestic demand, investment, and manufacturing momentum. The report also noted favorable monsoon forecasts, which are expected to boost agricultural output and ease inflation concerns. Additionally, Indias trade ...

India Business News: Foreign exchange reserves reached a new high of $645.6 billion, up roughly $3 billion in the week ending March 29. The governor of the RBI, Shaktikant

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The fourth Financial Management Group (FWG) meeting, held under Indias G20 presidency, discussed supply chain resilience and its macroeconomic implications. Delegates engaged in extensive discussions on the challenges and opportunities of ensuring supply chain resilience in a global economy. The meeting also focused on the role of international cooperation in addressing external imbalances and associated risks.

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Ministry of Statistics and Programme Implementation has released the revised draft for its National Policy on Official Statistics, with a focus on creating a cohesive framework for the use of big data analytics, artificial intelligence (AI) and machine learning in creating and releasing economic and social statistics.

Npos: “This policy will provide an overarching framework for providing reliable, timely and credible social and economic statistics to assist decision-making within and outside the Government,” the ministry stated.

Emerging market economies bore the brunt of the strongest U.S. dollar in two decades in 2022, a rise that battered them with capital outflows, higher import prices and tighter financial conditions, the International Monetary Fund said on Wednesday. The IMF said new research in its annual External Sector Report shows that the dollar's surge last year had a bigger impact on emerging markets than on smaller advanced economies, partly due to the latter group's more flexible exchange rates...