The State Bank of Pakistan's expansion is financing the government deficit, while the People's Bank of China's expansion is building manufacturing capacity.
1 report, 1 independent
Updated Jul 1
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What happened
The State Bank of Pakistan's expansion is financing the government deficit, while the People's Bank of China's expansion is building manufacturing capacity.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- The State Bank of Pakistan reported a balance of payments deficit while Islamabad remains the capital of Pakistan.Sub-event
SBP expansion finances Pakistan's deficit; PBOC expansion builds manufacturing capacity.1 source
Keep exploring
The entities involved
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State Bank of Pakistan
central bank of Pakistan
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Pakistan
sovereign state in South Asia
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People's Bank of China
central bank of the People's Republic of China
Related events
- Pakistan Bureau of Statistics compiled trade deficit figures, prompting the State Bank of Pakistan Governor to raise concerns during a briefing in Karachi.
- ADB projects growth rates for Pakistan (3.7%), South Asia (6.0%), and Bangladesh (3.7%), while regional tensions drive up costs for fuel and electricity.
- Chinese corporations are driving infrastructure and industrial growth under CPEC, utilizing Gwadar as a key port in Pakistan.
- A widening economic gap has been observed across the South Asia region.
- ADB commended Pakistan's macroeconomic stabilization efforts and offered potential financing for strategic infrastructure projects.
Coverage
Newest first; wire copies grouped- tribune.com.pkWhy Pakistan's inflation is worse than China's | The Express Tribune