*ISLAMABAD: Prime Minister Imran Khan on Wednesday took to Twitter to terma 73 per cent reduction in the current account deficit in the first monthof this fiscal year “a great achievement.”*
The prime minister said: “The govt’s consistent focus on reducing ourexternal imbalances by reducing imports & increasing exports & remittancesare bearing fruit.”
“Current account deficit reduced by more than $6 bn last yr & July this yrdeficit is 73% or $1.5 bn lower than July 2018 – a great achievement.”
linkImran Khan✔@ImranKhanPTIlinklink
The govt’s consistent focus on reducing our external imbalances by reducingimports & increasing exports & remittances are bearing fruit. Currentaccount deficit reduced by more than $6 bn last yr & July this yr deficitis 73% or $1.5 bn lower than July 2018 – a great achievement29K link5:17 PM – Aug 21, 2019linkTwitter Ads info and privacy link
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Earlier, on Aug 20, the State Bank of Pakistan had said the current accountdeficit (CAD) shrank by a massive 73 per cent in the first month of thisfiscal 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.
