Tag Archives: Alarm as current account deficit balloons to $1.5bn in August

KARACHI: The current account deficit (CAD) has increased by a whopping 81 per cent in August to $1,476 million compared to July during this fiscal year (FY22), mainly because of an ever-rising imports bill. The latest data released by the State Bank of Pakistan (SBP) on Friday showed that FY22 has come under a strong grip of both trade and …

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