Pakistan Faces Current Account Deficit, whilst Pursuing the IMF Program
- Published in News & Comment
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The Current Account Deficit (CAD) has increased by a whopping 81 per cent in August to $1,476 million compared to July during this fiscal year (FY22), mainly because of an ever-rising imports bill. Mr Tarin, Minister for Finance & Revenue, observed that the economy was in a state of growth and there was an increased demand for imports, deflecting criticism by saying, “As long as trade deficit is within a…
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