Tag: current account deficit

SBP increases policy rate by 50bps to 10.75%

KARACHI: The State Bank of Pakistan (SBP) on Friday increased the policy rate by 50 basis points (pbs) to 10.75 per cent to be...

Pakistan’s current account deficit for January down 54%, claims Asad Umer

KARACHI: Pakistan’s current account deficit for January down by 54 percent versus January last year, Finance Minister Asad Umar has said. Asad Umar took to...

Country’s current A/C deficit shrinks to $6.09bn in July-Nov 2018-19

KARACHI: The Current Account Deficit (CAD), which started sliding from its peak of $18.989 billion in 2017-19, further declined to $6.09 billion in first...

Country’s current A/C deficit starts declining to $3.6bn in July-Sept 2018-19

KARACHI: The Current Account Deficit (CAD) of the country started declining from the first quarter 2018-19 and stood at $3.6 billion compared to $3.7...

Pakistan formally requests financial assistance, says IMF

ISLAMABAD: An IMF team will visit Islamabad in the coming weeks to initiate discussions for a possible IMF-supported economic program,” IMF Managing Director Christine Lagarde says...

Exports surge by 4.56% in July-Sept 2018-19

KARACHI: Pakistan’s exports enhanced by 4.56 per cent to $5.390 billion in the first three months of Financial Year 2018-19, as compared to the...