Current Account Deficit falls to $3.66 Billion in July-December
The Current Account Deficit shrank by 60 percent to US$3.66 billion during first half (Jul-Dec) of current fiscal year as against the deficit of $9.1 billion recorded during same period of last year. In December, after posting decline for five consecutive months, the current account deficit edged up to $0.4 billion as compared to $0.252…
Adil Aziz
Current Account Deficit shrinks 46pc to $2.8 billion in Jul-Oct
The current account deficit shrank by 46 percent to US$2.82 billion during four months (Jul-Oct) of current fiscal year as against the deficit of $5.3 billion recorded during same period of last year. Continuous decline in imports helped improve the CAD during first four months of FY23, State Bank of Pakistan (SBP) said on its…
CAD declines to $2.2 billion in 1st Quarter
The Current Account Deficit (CAD) declined to $ 2.2 billion during the first quarter (Q1) of the current fiscal year as compared to the deficit of $3.5 billion recorded during the corresponding period (July-September) of the fiscal year 2021-22. The CAD mainly contracted due to increase in exports and contraction in imports during July-September (2022-23)….