Current account deficit plunges.
KARACHI -- Current Account Deficit witnessed downslide during the current fiscal year.
As per media reports State Bank of Pakistan (SBP) has said in its report that during the period of July to March in the fiscal year 2015 current account deficit declined by 1.45 billion dollars while it registered shortfall 2.692 dollars during the corresponding period of last year and this way deficit fell by 1.236 billion dollars.
Citing to economic experts, media reports said current account deficit during the current financial year can dip as compared to last fiscal year.
Certain positive factors have contributed to lower current account deficit. These include domestic remittances, IMF loan and auction of Sukuk bonds. Decline in services deficit has also led to plunge in current account deficit.
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|Publication:||The Frontier Star (Northwest Frontier Province, Pakistan)|
|Date:||Apr 19, 2015|
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