Pakistan Customs, Tax, Shipping & Business News Resource
After experiencing significant depreciation in FY23, the local currency has regained ground over the last four quarters, supported by the IMF Stand-by agreement, contained current account deficit and reduced political…
The Federation of Pakistan Chambers of Commerce and Industry has hailed the government’s efforts to control Pakistan’s current account deficit, leading to a surplus of $424 million in July 2020,…
KARACHI: The current account deficit narrowed by 29 percent during first eleven months owing to shrinking trade deficit and improved foreign remittances. The State Bank of Pakistan (SBP) released Balance…
KARACHI: Pakistan’s current account deficit narrowed 16.79 percent to $8.424 billion during the first seven months of the current fiscal year of 2018/19 due to what the government said ‘credibility…
KARACHI: Pakistan’s current account deficit (CAD) shrank by 4.57 percent or $232 million in the first four months of the current fiscal year (July-October) as trade deficit narrowed and remittance…
KARACHI: After witnessing a period of economic uncertainty during the past few quarters stemming from ballooning current account deficit and concomitantly falling foreign exchange reserves, things finally seem to be…