Staff Reporter
Karachi
Current Account Deficit has declined by 74 per cent during first eleven months of current fiscal year owing to significant slump in import bill.
The current account deficit shrank to $3.288 billion during July – May 2019/2020 as compared with deficit of $12.453 billion in the corresponding period of the last fiscal year, according to Balance of Payment (BOP) released by State Bank of Pakistan (SBP) on Wednesday. The import bill of the country fell by 19 percent during July – May 2019/2020, according to Pakistan Bureau of Statistics (PBS). The imports of the country were at $40.86 billion during first eleven months of the current fiscal year as compared with $50.41 billion in the corresponding period of the last fiscal year.
