PM Imran Khan boasts of big economic achievement of PTI government

PM Imran Khan boasts of big economic achievement of PTI government
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*ISLAMABAD: Prime Minister Imran Khan on Wednesday took to Twitter to term a 73 per cent reduction in the current account deficit in the first month of this fiscal year “a great achievement.”*

The prime minister said: “The govt’s consistent focus on reducing our external imbalances by reducing imports & increasing exports & remittances are bearing fruit.”

“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.”

link Imran Khan ✔@ImranKhanPTI link link

The govt's consistent focus on reducing our external imbalances by reducing imports & increasing exports & remittances are bearing fruit. 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 29K link 5:17 PM - Aug 21, 2019 link Twitter Ads info and privacy link

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Earlier, on Aug 20, the State Bank of Pakistan had said the current account deficit (CAD) shrank by a massive 73 per cent in the first month of this fiscal year.

The trade loss shrank by 72.81pc to $579 million in July as compared to $2.13 billion in same period of last fiscal year.

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