Pakistan's Current Account deficit widens by 10% in July-Aug

MG News | September 19, 2018 at 06:15 PM GMT+05:00

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September 19, 2018 (MLN): Pakistan’s Current Account deficit for the two months of the current fiscal year has widened by almost ten percent to $2.72 billion compared to $2.48 billion in the corresponding period of the prior fiscal, according to the State Bank of Pakistan.

Current account deficit during the month of August has on a positive note, fallen down to $600 million, compared to a deficit of $2.17 billion in the month before, i.e. July 2018.

As per figures released by the State Bank on Wednesday, Balance on Trade in Goods and Services has expanded to $6.625 billion in these two months, compared to $5.988 billion in the same period last year.

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