*ISLAMABAD: Owing to business friendly policies adopted by the incumbentgovernment to boost exports, current account deficit fell by 32 per centduring the current fiscal year, ARY News reported.*
The Statistics Division has reported that the current account deficit (CAD)fell to $13.59 bn during the fiscal year-2018-19, decreasing by 32 percent, from $19.90 bn in the same period last year.
Earlier on June 16, Adviser to Prime Minister on Finance, Revenue andEconomic Affairs Dr. Abdul Hafeez Shaikh had said that due to effectivemeasures taken by the government ,current account deficit had shirked to $7billion during past few months.
Addressing a post budget conference, ‘Pakistan Back on Track’ in Islamabad,Hafeez Shaikh had said that the current government had inherited $20 bncurrent account deficit and it required 2000 billion rupees for debtservicing.
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The advisor had said that the government was striving hard to overcome thefiscal and current account deficit to stabilize economy.
