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.
"The suspension of judgment will only be to the extent of additional seats," Justice Mansoor Ali Shah says
Mandokhail is the 24th governor of Balochistan
FinMin Aurangzeb reaffirms resolve to facilitate traders, investors as Pak-Saudi investment conference kicks off in...
“I will appear before the wheat committee if it summons me,” says ex-interim premier
Karachi and other coastal areas of Sindh province likely to swelter
Former NA speaker advises the PML-N-led government to refrain from “interference in institutions’ ”