close
Advertisement
Can't connect right now! retry

add The News to homescreen

tap to bring up your browser menu and select 'Add to homescreen' to pin the The News web app

Got it!

add The News to homescreen

tap to bring up your browser menu and select 'Add to homescreen' to pin the The News web app

Got it!

Pakistan

Web Desk
August 21, 2019

Govt’s efforts ‘bear fruit’ as Pakistan’s current account deficit falls: PM Imran Khan

Pakistan

Web Desk
Wed, Aug 21, 2019

ISLAMABAD: Prime Minister Imran Khan on Wednesday applauded the efforts of the government in reducing external imbalances to improve the economy.

The premier shared the news of Pakistan’s current account deficit plummeting by 73 percent to $579 million this year in comparison with July 2018 when it stood at $2.13 billion.

“The govt's consistent focus on reducing our external imbalances by reducing imports & increasing exports & remittances are bearing fruit,” he said on Twitter.

“Current account deficit reduced by more than $6 bn last yr & July this yr deficit is 73% or $1.5 bn lower than July 2018 - a great achievement,” he added.

The drop in the current account deficit was followed by a 10 percent increase in exports and a decline in imports as well as the $6 billion bailout agreement of the government with International Monetary Fund earlier.