KARACH – Pakistan current account deficit dropped by 4.4% in six months.
Finance Ministry spokesperson Dr Khaqan Najeeb while speaking to a privatechannel said, “In the first six months of the current fiscal year, economicnumbers showed better performance.”
“Remittances showed a growth of 10% from July to December,” he added. Thespokesperson further said, “Foreign investment in December 2018 faredbetter by 17% compared with December 2017.”
Dr Najeeb added that the trade deficit shrank by 5% in the last six months.
“Exports grew by 2% and imports fell by 2% in the first six months of thefiscal year,” he stated.
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Following imposition of regulatory duty on 1994 tariff lines their importdropped by 23% percent in the first six months over the same period lastyear, Dr Najeeb shared.
“The pressure on external account is decreasing and the current accountdeficit in the first six months dropped by 4.4% compared to the same periodlast year.”
