Tag: Current Account Deficit
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Import touches alarming high of $6.3b in June
LAHORE: Pakistan former finance minister Dr. Hafeez Pasha has warned of difficult time ahead, as the country has witnessed a single month’s record highest import figure of $6.3 billion in June this year while the current account deficit remained $1.3 billion in this period. Addressing an economic session on ‘Pakistan Economy-Challenges & Solution’ organized…
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Government Repaid Rs 5000 billion Debt During Last Two Years: Abdul Hafeez Sheikh
Abdul Hafeez Sheikh says that the government repaid Rs 5000 billion debt during the last two years.
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Pakistan’s Current Account Deficit decreases by 71%
Pakistan’s Current Account Deficit (CAD) during July-April FY20 has decreased by 71% year-over-year (YoY) to stand at $3.343 billion compared to the deficit of $11.449 billion in the corresponding period of last year. Whereas, in the month of April 2020 alone, CAD has jumped significantly by 63.56% month-over-month (MoM) to $572 million compared to $9…