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Trade deficit decreased by 35% during July-Oct of FY 2020

ISLAMABAD: Pakistan’s trade deficit narrowed by around 35 percent in the first four months (July to October) of the current fiscal year, a report by the Ministry of Commerce revealed.  Trade deficit fell from $11.7 billion recorded from July-October of Fiscal

US budget deficit soars to almost $1 tn, highest since 2012

WASHINGTON: America’s budget deficit soared to nearly $1 trillion in the 2019 fiscal year as government borrowing swelled, the US Treasury announced Friday. The fourth straight year of broadening budget gaps underscored a new tolerance for yawning fiscal imbalances in

Country’s current account deficit reduces by 64%

KARACHI: The current account deficit of the country has been declined by 64 percent on the end of a 21 percent reduction in the import bill. According to the data issued by the State Bank of Pakistan, the current account