Economy of Pakistan

Turkey received foreign direct investment worth $1.8 billion in January, Turkey?s Economy Ministry said in a statement late March 23.

BELGRADE - The Serbian Ministry of Finance has informed local government officials about reforms concerning public finances, public funds planning and introduction of financial management, the ministry said on Friday.

Turkey?s current account deficit narrowed to $2 billion in January, beating estimates, thanks to the decrease in oil prices and the fall in the foreign trade deficit in the same period, according to data released by the Central Bank on March 11.

The annual current account deficit fell to $42.87 billion in January from $45.85 billion in the previous month, according to the data.

Istanbul is boosting state income by bringing in nearly half of all tax revenues collected by the Treasury, according to figures released by the Finance Ministry.

Istanbul single-handedly contributed a sweeping 46.07 percent of the entire state budget with 185 billion Turkish Liras ($71 billion at the current exchange rate) in 2014.

Turkey?s foreign trade deficit narrowed in January to $4.31 billion, a 37.5 percent decrease from the same month of the previous year, due to the decrease in oil prices and the rise in gold exports, mainly to Switzerland.

The Turkish economy, after 2002, by using the foreign capital inflow of an annual average of $40 billion, was able to grow 4.5 percent annually. With this capital inflow, Turkey?s imports and exports also grew rapidly. So much so that the imports, which were $40 billion in 2000, reached $242 billion at the end of 2014. This corresponds to an increase of 505 percent.

Turkey?s foreign trade deficit has fallen 15.4 percent to $84.5 billion in 2014, due to a rise in exports to the EU, dramatic decrease in gold imports and plunging oil prices, according to data released by Turkish Statistics Institute (TÜ?K) on Jan. 30.

The U.S. dollar has been gaining value since May 2013 in all developing countries, including Turkey. The dollar, was 1.86 Turkish Liras between January and September 2013 before rising to an average of 2.16 liras, a 16 percent hike. It is normally expected that this would affect both exports and imports.

The U.S. dollar has been gaining value since May 2013 in all developing countries, including Turkey. The dollar, was 1.86 Turkish Liras between January and September 2013 before rising to an average of 2.16 liras, a 16 percent hike. It is normally expected that this would affect both exports and imports.

 Primary surplus goal for 2015 will not be as low as reported, according to Finance Ministry official