A good news on economic front for PTI government in FY 2019-20
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ISLAMABAD - In a good news over economic front for PTI government in FY 2019-20 the current account deficit (CAD) shrank by a massive 55 per cent.
The deficit shrank in the first two months of the current fiscal year as compared to the corresponding period last year.
The CAD — for the two month period — reduced by $1.56bn to $1.29 billion from $2.85bn during the same period last year.
This was in line with the downward trend witnessed throughout 2018-19 when the deficit stood lower by 31pc to $13.58bn, from $19.8bn in FY18 — recording a decrease of $6.3bn.
