The financing of budget deficit indicates that the government did not resort to inflationary borrowing from SBP; instead, it retired a huge sum of Rs674.4 billion (on cash basis) during Jul-Mar FY15.
The financing of budget deficit indicates that the government did not resort to inflationary borrowing from SBP; instead, it retired a huge sum of Rs674.4 billion (on cash basis) during Jul-Mar FY15.
Garbis Iradian, chief economist at the Institute of International Finance, or IIF, is of the view that within the Middle East region, Lebanon and the UAE would benefit from the economic rebound in Iran.
Greek PM Tsipras faces revolt over bailout plan
Greece pushed a harsh austerity package through parliament, triggering a revolt in the governing party and violent demonstrations in central Athens.
It was the first time the jobless rate had risen since early 2013, shortly before Britain's economy started to recover from the effects of the financial crisis.
Accord to revitalise two-way trade; export, re-export activity to benefit most
Athens must push through draconian reforms within two days.
The vote will almost certainly see large numbers of Prime Minister Alexis Tsipras' own Syriza lawmakers dissent and vote against the package, raising questions of his government's survival in its current form.
India and South Korea are brightest spots in emerging Asia
Stocks up on Greek bailout deal, lessening jitters of country's future in eurozone