Current account deficit shrinks 78pc to $2.966 billion in FY20

[asad.kiyani]

Current account deficit shrinks 78pc to $2.966 billion in FY20

The current account deficit also witnessed a record fall of 90.2pc and 72pc in June this year.

ISLAMABAD (Dunya News) – The Current Account Deficit of the country contracted by 78 percent to $2.966 billion in fiscal year 2019-20 (Jul-Jun) compared to $13.434 billion in same period of the preceding year (2018-19).

On monthly and yearly basis, the current account deficit also witnessed a record fall of 90.2 percent and 72 percent in June this year when compared to the current deficit in June 2019 and May 2020.

According to data released by the current account deficit in June, 2020 declined to $96 million from $344 million in May 2020 and $981 million in June 2019.

The current account balance without official transfers also declined to $3.433 billion in Fiscal year 2019-20 compared to $14,17 billion in the year 2018-29.

Further the data added that balance of trade in the country decreased to $19.9 billion in the year 2019-20 from $27.6 billion in the preceding year.

Similarly balance of trade in goods and services declined from $32.58 billion in the year 2018-29 to $22.749 billion in fiscal year 2019-20.

Current account deficit shrinks 78pc to $2.966 billion in FY20

The current account deficit also witnessed a record fall of 90.2pc and 72pc in June this year.

dunyanews.tv

 

[Hasta la vista]

if the performance is so good...........then why so scared ?


?

 

[Competent]

MashAllah Pakistan is progressing very rapidly.

 

[pti 56]

who are

if the performance is so good...........then why so scared ?


?

who are we scared of dumb fuck

 

[Hasta la vista]

MashAllah Pakistan is progressing very rapidly.

its just a 10 line press release with no name and source and printed as per "demand quote" ?

 

[Fawad Javed]

No one is scared

if the performance is so good...........then why so scared ?


?

 

[Nadir Bashir]

MashAllah Pakistan is progressing very rapidly.

What is the deficit on YOY basis? I did not understand.

 

[3rd_Umpire]

if the performance is so good...........then why so scared ?


?

لو جی، جی ایچ کیو کے گیٹ نمبر 4 کے پاس والے کچھرا کُنڈی سے
ایک خارشی کتّا انگڑائیاں لیتا ہؤا، مخمور آنکھوں کیساتھ
،،، پھوجیوں کا پاخانہ چاٹتا ہؤا نمودار ہؤا

 

[Citizen X]

Imran Khan ne aab tak kya kiya : Ek beghairat patwari

 

[Judicary-Media Mafia]

if the performance is so good...........then why so scared ?


?

Patwari we not scared, We Dont need to be scared. we didnt loot the country like your Zardari and Sharifs Dakus??

 

[Competent]

What is the deficit on YOY basis? I did not understand.

In simple If Pakistan was in loss of 100 Before PTI govt then now it is only loosing 12 in PTI govt. InshAllah Pakistan will overcome all the losses.

 

[jakfh]

if the performance is so good...........then why so scared ?


?

bitch who is scared ?

 

[Competent]

its just a 10 line press release with no name and source and printed as per "demand quote" ?

If you dont trust the Paki news then check the international economic updates on Pakistan that is showing as stable in PTI govt. whereas it was negative before PTI govt.

 

[Hussain1967]

Shut down all the imports and deficit will end only in one month.

 

[miafridi]

Shut down all the imports and deficit will end only in one month.

Exports and imports make up for a significant amount of jobs in any country, along with the fact that part of imports(like the Oil, Gas and other fuels etc) are important to run the basic wheel of affairs of any country. So bringing the CAD down to a manageable level with minimum damage to the economy is really commendable, Because unmanageable CAD can break your economy entirely as well.

You already saw that due to Lockdown(lesser imports/exports) the growth rate for countries around the world gone into the negative zone from positive 7 or 8 percent etc. This is what a sudden ban on all imports and exports can do to your economy, so it's not that simple as it seems.

 

[Masud Javed]

Thank you PM Khan