Asian Economy News
The Asian Dream is waking up to the challenges of being middle-class
Upwardly mobile Asians are finding that reaching middle-class status is one thing but staying so can be a struggle. Countries like Indonesia have seen their middle-class ranks shrink over the pandemic-impacted half decade.
3 min read8 Jan 2025South Korea’s impeached president fends off arrest attempt over martial-law decree
Yoon Suk Yeol’s bodyguards thwarted investigators in another tense showdown resulting from his short-lived martial law decree.
4 min read3 Jan 2025Economic crisis: Pakistan in talks with China, Saudi Arabia to secure $11 billion
Pakistan is in talks with China and Saudi Arabia for $11 billion to secure an IMF bailout and avoid a full-blown economic crisis.
1 min read29 Sep 2023Pakistan’s forex reserves double to $8.73 billion, reach nine-month high
Pakistan’s foreign exchange reserves have reached a nine-month high of $8.73 billion following a financial bailout from the IMF and support from other nations. However, Pakistan still faces challenges with its external debt, which has reached $100 billion.
1 min read21 Jul 2023Indian economy continues to perform well in FY24, remain one of the fastest growing in world: IMF
The International Monetary Fund has stated that Indian economy will continue to perform well and remain one of the fastest growing economies in the world
3 min read11 Apr 2023‘Proof of great friendship’: China to send Pakistan another $1.3 billion
The fund will be used to help shore up Pakistan’s foreign exchange reserves.
1 min read4 Mar 2023Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared