ISLAMABAD: Advisor to Prime Minister on Finance Dr. Abdul Hafeez Shaikh has said on Friday that the current deficit declined by 72.6 percent in November and 73 percent between July-November this year.
Sharing latest figures on the external deficit and foreign reserves on Twitter, he said in five months, an increase in State Bank of Pakistan’s reserves by “$1.8B & reduction of $3B in FX swaps/forward liabilities increased FX buffer by $4.8B,” providing further stability to an external account.
Current Account Deficit is down by 72.6% in Nov 2019 & 73% between July-Nov 2019 vs same period in 2018.
In 5 months, increase in SBP Reserves by $1.8B & reduction of $3B in FX swaps/forward liabilities increased FX buffer by $4.8B providing further stability to external account. pic.twitter.com/TLODiizRsi
— Dr. Abdul Hafeez Shaikh (@a_hafeezshaikh) December 20, 2019