Bil
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For The First Time In Four Years, Pakistan’s Current Account Surprisingly Turns Surplus
For first quarter of the ongoing fiscal year, our current account deficit has fallen by 73.5pc, as compared to the same period last year - PM Khan
After a gap of more than four years, Pakistan’s current account unexpectedly turned positive. In October, due to a massive reduction in imports, inflows of foreign currencies exceeded the outflow by $99m.
SBP Data:
According to the data released by the State Bank of Pakistan (SBP), the policies introduced by the government have finally started to bear fruits as the current account deficit shrank.
And a genuine good new. The country's current account turned positive with $ 99 million surplus in October 2019 supported by significant import compression and slight growth in exports. well done !!!
For first quarter of the ongoing fiscal year, our current account deficit has fallen by 73.5pc, as compared to the same period last year - PM Khan
- In October, due to significant reduction in imports, inflows of foreign currencies exceeded the outflow by $99m.
- The policies introduced by the government have finally started to bear fruits as the current account deficit shrank considerably.
After a gap of more than four years, Pakistan’s current account unexpectedly turned positive. In October, due to a massive reduction in imports, inflows of foreign currencies exceeded the outflow by $99m.
SBP Data:
According to the data released by the State Bank of Pakistan (SBP), the policies introduced by the government have finally started to bear fruits as the current account deficit shrank.
And a genuine good new. The country's current account turned positive with $ 99 million surplus in October 2019 supported by significant import compression and slight growth in exports. well done !!!
