CAD improves by 29 percent in 9MFY19
MG News | April 18, 2019 at 06:10 PM GMT+05:00
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April 18, 2019 (MLN): Current account deficit (CAD) in first nine months (July to March) FY19 has fallen by 29% to $9.588 billion compared to $13.589 billion in same period last year.
According to data released by State Bank of Pakistan (SBP), Current account deficit in March 2019 soared to $822 million, depicting a massive increase of 196% MoM and a decline of 45% from $1484 million in March 2018.
On quarterly basis, CAD stood at $1.973 billion (Jan-March) FY19 compared to 3.851 billion in last quarter.
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