Pak C/A Deficit Shrinks
World Economy

Pak C/A Deficit Shrinks

Pakistan’s current account deficit amounted to a little more than $1 billion in July-November, according to data released by the State Bank of Pakistan, AAP reported. The current account deficit shrank 59%, or $1,452 million, year-on-year in the first five months of the fiscal year, in comparison to $2.4 billion in the same five-month period of the preceding fiscal year. The improvement in the current account balance in the last five months was mainly due to shrinking trade deficit in both goods and services. It amounted to $8.1 billion in Jul-Nov as compared to almost $10 billion recorded over the same period of last year.


Short URL : http://goo.gl/J91KiO
  1. http://goo.gl/oeYWdg
  • http://goo.gl/PjsEIs
  • http://goo.gl/VfBubG
  • http://goo.gl/AP7P9t
  • http://goo.gl/vRq3IJ

You can also read ...

Cybercrime cost has jumped by $155 billion since 2014.
Global businesses are losing the equivalent of nearly 1% of...
Pakistan to Be Placed Back on FATF List
Pakistan will be placed back onto an international terrorism-...
US Presses India to Cut Tariffs
US businesses and diplomats are pressing India to cut tariffs...
The ECB expressed more confidence that inflation would converge over time to its 2% target.
Released within 24 hours of each other this week, the minutes...
UAE Inflation  to Rise to 3.3%
Inflation is expected to rise to 3.3% in the UAE as the 5%...
Turkey will have the widest current account deficit this year at 4.5% of GDP, followed by Argentina and Colombia.
As the US and European countries embark on a monetary...
Europe’s main London, Frankfurt and Paris markets barely budged in early moves.
A stronger dollar and slightly higher global borrowing costs...
Nigeria Bank Sees Faster Growth
Nigeria’s biggest bank by revenue expects lending to...