Karachi: The government’s policy of restricting imports was successful and the current account deficit in the first eleven months of the current fiscal year was $12 billion less than the same period of the previous fiscal year.
According to the State Bank of Pakistan, the current account in the month of May had a surplus of 252 million dollars, after which the deficit of the current account from July to May was 2 billion 940 million dollars. .
According to the statement, the deficit of current accounts in fiscal year 2023 decreased to 2.94 billion dollars, while this deficit was 15.16 billion dollars during the same period last year. Mean current account deficit was $78 million surplus.
According to the State Bank data, the trade deficit in the first eleven months of this financial year was recorded at more than 23 billion dollars, in the same period of the last financial year, the trade deficit was 40 billion dollars. are present.
According to the declaration, the total imports of the country reached 56 billion dollars in the fiscal year 2023, the total exports in May 2023 were 3.2 billion dollars, the total imports were 4.6 billion dollars last month.
On the other hand, the officials of the Ministry of Finance have said that the current account of Pakistan was in surplus last month, in May the current account of Pakistan was in surplus of twenty five million dollars.
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