Current account deficit widens by 91%
The deficit in November only was $84 crore with the deficit soaring to 120 percent
KARACHI (Dunya News) – The State Bank of Pakistan (SBP) has said that the current account deficit has jumped to 91% while reaching to $ 2.601 billion from July to November.
Sources at SBP also revealed that the deficit in November only was $84 crore with the deficit soaring to 120 percent in the mentioned month.
Experts have revealed that the decrease in exports and increase in imports, the trade deficit has reached to 11.75 billion. While at the same time, no significant progress has been witnessed in investment.
If the same situation exists, the exchange reserves of the country can be impacted to a drastic level.
