Economy

We have lowered our real GDP growth forecast for FY2009/10 (July-June) from 5.5% to 5.2% as the export-focused manufacturing sector has lost steam and agricultural growth has been... 2010-03-30

The State Bank of Pakistan (SBP) admitted on March 29 that the government is unlikely to be able to meet its 4.9% of GDP budget deficit target. The SBP blamed higher than expected... 2010-03-30

Pakistan's quantum index of large scale manufacturing posted a 7.5% y-o-y increase in January, as compared to a 6.6% y-o-y increase in December. While the headline number appears... 2010-03-30

With infrastructure and other investment projects requiring capital goods from overseas and the Sri Lankan textile sector, which makes up 40-45% of total export, expected to face... 2010-03-30

BMI View: Pakistan's quantum index of large scale manufacturing registered a 6.6% y-o-y increase in December, as compared to a 0.3% increase in November. While the headline number... 2010-03-04

Despite the fanfare which preceded the FY2010/11 (April-March) budget delivery in February, the government's actual fiscal deficit projections are little changed (with the central... 2010-03-03

The inability of the Sri Lankan government to curb the fiscal deficit to comply with the IMF's 7.0% budget deficit target for 2009 has exacerbated worries that President Mahinda Rajapaksa... 2010-03-02

BMI View: Although Pakistan saw a moderation in its current account deficit in the first seven months of FY2010 (July-June) as compared to FY2008, we believe that the Pakistani rupee... 2010-02-19

BMI View: Foreign direct investment (FDI) into India has shown signs of recovery in the wake of the global financial crisis, with investors looking to take advantage of the country's... 2010-02-18

BMI View: Indian industry is on fire, with output growth posting a remarkable 16.8% y-o-y in December 2009, the fastest rate of expansion in two decades. While base effects and seasonal... 2010-02-12