Current account deficit shrinks 73 percent
ISLAMABAD: Pakistan’s current account deficit during the first three quarters of the current fiscal year shrank by 73 percent to $2.768 billion compared to $10.284bn in the same period last fiscal year, data released by the State Bank of Pakistan
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