Pakistan current account deficit registers significant decline
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Prime Minister Imran Khan link said that timely actions link to contain the current account deficit link has yielded results and the deficit shrank to only $0.5bn in Feb which was $2bn lower than in Jan and lowest monthly deficit so far this fiscal year, reporter 24NewsHD TV channel.
The prime minister said that the country's exports are close to an all-time high.
The premier said that the imports were down 21 percent from their peak and strong growth in large scale manufacturing.
The Federal Board of Revenue (FBR) said that Pakistan’s current account deficit link registered a massive 78% decline month-on-month, clocking in at $545 million in February 2022, the lowest in the ongoing fiscal year, showed data released by FBR.
In January, the deficit stood at $2.531 billion.
