Economy of Pakistan

Pakistan could get temporary relief for its ballooning foreign debt with a new stand-by arrangement worth $3 billion announced by the International Monetary Fund (IMF) in Washington on June 30.

The economy has been stricken by a balance-of-payments crisis as it attempts to service crippling external debt, while months of political chaos have scared off potential foreign investment.

Pakistan has the largest debt

The U.S. military plans to cancel $300 million in aid to Pakistan due to Islamabad's lack of "decisive actions" in support of American strategy in the region, the Pentagon has said.

Turkey attracted some $3.1 billion in net international direct investment from January to April, a 22 percent year-on-year decline, the Economy Ministry announced on June 21.

The Commission wrote Slovenia's real GDP increased by 4.8% in the first half of the year, thereby surpassing the pre-crisis level.

Turkey's current account deficit reached $5.1 billion in July 2017, up almost $2.7 billion year-on-year, official data showed on Sept. 15.      

The current account deficit recorded $5.1 billion, marking an increase of $2.7 billion compared to July of the previous year, bringing the 12-month rolling deficit to $37.1 billion, the Central Bank stated.      

Turkey's current account deficit was $5.24 billion in May 2017, up $2.13 billion year-on-year, official data revealed on July 13.  
      
"The current account deficit recorded $5.24 billion, indicating an increase of $2.13 billion compared to May of the previous year, bringing the 12-month rolling deficit to $35.3 billion," the Turkish Central Bank said.
       

Turkey's foreign trade deficit soared 49.5 percent in May due to a sharp increase in gold imports despite robust car exports, preliminary data from the Customs and Trade Ministry showed on June 2. 

The trade deficit rose to $7.65 billion in May, according to the ministry's data, which was compiled by Reuters. 

Turkey's foreign trade deficit rose to 4.95 billion in April with a 16.7 percent year-on-year increase, official data showed on May 31. 

While the country's imports surged 9.9 percent year-on-year to $17.7 billion, exports rose 7.4 percent to $12.8 billion, according to data from the Turkish Statistics Institute (TÜİK). 

It appears that the domestic food industry has found in exports the ideal way to offset its losses at home. In 2015 the country's food and drink trade deficit reached its lowest point since 2010, not only because imports dropped but also due to the considerable increase in exports of fresh as well as manufactured food after 2010.