Tag Archives: Current account deficit shrinks 29pc in 11 months

KARACHI: The current account deficit (CAD) fell to $12.678 billion in July-May FY19, decreasing by 29.27 per cent, from $17.926bn in same period last year, reported the State Bank of Pakistan on Wednesday. The primary contributor to the massive yet declining CAD was the balance of trade in goods and services which amounted to $30.056bn during 11MFY19, down 12.14pc, from …

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