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Economy

Pakistan Achieves Major Fiscal Milestone with Record Deficit Reduction.

May 17, 2026 at 9:52 PM

Pakistan has reported a significant improvement in its fiscal health for the 2025 fiscal year, with the budget deficit narrowing to 5.38% of GDP, outperforming IMF and government projections through disciplined spending and robust revenue growth.

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Pakistan Achieves Major Fiscal Milestone with Record Deficit Reduction
Image Credit : arabnews.com
Local News

Nations Trust Bank Records Strong Financial Growth in First Quarter of 2026.

Nations Trust Bank reported a 12% year-on-year increase in Profit After Tax (PAT) to LKR 4.6 billion for the first quarter of 2026, driven by stable margins and effective risk management.

May 15, 2026 at 11:54 PM
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Finance
Pan Asia Bank Posts Strong Q1 2026 Growth Amidst Global Economic Headwinds
Image Source : srilankachronicle.com

Pan Asia Bank Posts Strong Q1 2026 Growth Amidst Global Economic Headwinds.

May 15, 2026 at 8:40 AM
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Finance
Argentina Faces Financial Strain as Household Loan Defaults Hit 15-Year Peak
Image Source : thefintechtimes.com

Argentina Faces Financial Strain as Household Loan Defaults Hit 15-Year Peak.

May 14, 2026 at 1:10 PM
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Japan Records Historic Current Account Surplus Driven by Strong Trade Performance
Image Source : mainichi.jp
Economy•
May 13, 2026 at 2:58 AM

Japan Records Historic Current Account Surplus Driven by Strong Trade Performance.

Japan’s current account surplus surged to a record ¥4.7 trillion in March, significantly exceeding analyst expectations as export growth outperformed import costs.

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Local News

Sri Lanka's Official Foreign Reserve Assets Dip Below $7 Billion Threshold.

May 12, 2026 at 11:01 AM

Sri Lanka's official foreign reserve assets have experienced a consecutive monthly decline, falling to $6.759 billion in April 2026, dropping below the significant $7 billion mark.

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Sri Lanka's Official Foreign Reserve Assets Dip Below $7 Billion Threshold
Image Credit : businessnews.lk
Economy
India’s Strategic Fiscal Path: Balancing Growth with Long-term Stability
Image Source : thebftonline.com

India’s Strategic Fiscal Path: Balancing Growth with Long-term Stability.

May 4, 2026 at 7:58 PM
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Local News
Sri Lanka Consolidates Financial Sector Levies: Clarifying the 20.5% VAT Update
Image Source : ft.lk

Sri Lanka Consolidates Financial Sector Levies: Clarifying the 20.5% VAT Update.

May 4, 2026 at 9:28 AM
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Finance
NDB Bank Reports Q1 2026 Results Amidst Significant Fraud Adjustments
Image Source : independent.lk

NDB Bank Reports Q1 2026 Results Amidst Significant Fraud Adjustments.

May 3, 2026 at 1:54 AM
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Economy•
April 30, 2026 at 7:31 PM

Fitch Ratings Highlights Growing Concerns Over US Debt Levels Compared to Peers.

Fitch Ratings has expressed concerns that the United States is carrying a significantly higher debt burden compared to other nations with an 'AA' credit rating, driven by an expanding fiscal deficit.

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Economy

Hong Kong Records Historic Trade Deficit Amid Tech Hardware Surge.

April 29, 2026 at 6:44 AM

Hong Kong has reported its widest trade deficit since 1952, reaching HK$89.1 billion, driven by a 41% surge in imports linked to the global AI investment boom and regional supply chain shifts.

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Economy
Fiscal Stability Achieved: Revenue Expansion Powers Primary Surplus to 5.4%
Image Source : investopedia.com

Fiscal Stability Achieved: Revenue Expansion Powers Primary Surplus to 5.4%.

April 28, 2026 at 8:45 PM
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United States
US Tariff Adjustments Could Push Federal Deficit Upward by $1.1 Trillion
Image Source : economic-research.bnpparibas.com

US Tariff Adjustments Could Push Federal Deficit Upward by $1.1 Trillion.

April 27, 2026 at 8:34 PM
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Economy

Sri Lankan Savers Face Financial Squeeze Amid Declining Interest Rates.

As Sri Lanka's lending rates decline due to improved banking liquidity, fixed-income earners and retirees face reduced interest income, creating a widening economic divide.

April 27, 2026 at 1:30 AM
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Economy•
April 24, 2026 at 3:21 AM

Russian Central Bank Navigates Economic Headwinds with Continued Rate Cuts.

The Bank of Russia is expected to reduce its key interest rate to 14.5% as economic contraction and industrial stagnation persist. While officials aim to stimulate growth, geopolitical tensions and budgetary uncertainties remain major obstacles.

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Local News

Sri Lanka’s New Fiscal Landscape: A Transformation in Public Financial Management.

April 23, 2026 at 8:34 PM

Sri Lanka has initiated a major shift in fiscal governance through the enactment of the Public Financial Management Act and the Public Debt Management Act of 2024, focusing on transparency and rule-based accountability.

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Sri Lanka’s New Fiscal Landscape: A Transformation in Public Financial Management
Image Credit : nz.news.yahoo.com
Japan
Japanese Opposition Demands Five-Year Fiscal Consolidation Roadmap
Image Source : nippon.com

Japanese Opposition Demands Five-Year Fiscal Consolidation Roadmap.

April 20, 2026 at 2:24 AM
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Economy

Fitch Downgrades Turkey's Economic Outlook Amid Regional Tensions.

Fitch Ratings has downgraded Turkey's economic outlook from 'positive' to 'stable,' citing significant risks from regional geopolitical tensions, particularly the Iran conflict, alongside persistent domestic challenges like high inflation and shrinking foreign reserves.

April 16, 2026 at 3:45 PM
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Finance
Strategic Use of Tax Refunds: Why More Americans Are Prioritizing Debt Reduction
Image Source : gobankingrates.com

Strategic Use of Tax Refunds: Why More Americans Are Prioritizing Debt Reduction.

April 16, 2026 at 10:36 AM
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Sri Lanka’s Inland Revenue Department Achieves Record-Breaking Tax Collection in Q1 2026
Image Source : onlanka.com
Local News•
April 10, 2026 at 8:07 AM

Sri Lanka’s Inland Revenue Department Achieves Record-Breaking Tax Collection in Q1 2026.

The Inland Revenue Department of Sri Lanka has posted a robust start to 2026, collecting over Rs. 606 billion in tax revenue, a 17.7% year-on-year increase, signaling strong economic momentum and improved compliance.

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