CURRENT ACCOUNT DEFICIT DECLINES BY 55PC IN FIRST 2 MONTHS OF FY2020

The current account deficit (CAD) shrank by a massive 55 per cent in the first two months of the current fiscal year as compared to the corresponding period last year, reported the State Bank of Pakistan (SBP) on Thursday. The CAD — for the two month period — reduced by $1.56bn to $1.29 billion from $2.85bn during the same period last year. This was in line with the downward trend witnessed throughout 2018-19 when the deficit stood lowe...

Dawn.com (Date:09/19/2019 20:27) Read full article >>

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Pakistan: Pakistan ), officially the Islamic Republic of Pakistan , is a sovereign country in South Asia. With a population exceeding 180 million people, it is the sixth most populous country and with an area covering 796,095 km2 , it is the 36th largest country in the world in terms of area. Located at the c
- Pakistan Wikipedia
Thursday: Thursday is the fourth or fifth day of the week, between Wednesday and Friday. According to the ISO 8601 international standard adopted in most western countries, it is the fourth day of the week. In countries that use the Sunday-first convention, Thursday is defined as the fifth day of the week. I
Bank: A bank is a financial institution and a financial intermediary that accepts deposits and channels those deposits into lending activities, either directly by loaning or indirectly through capital markets. A bank is the connection between customers that have capital deficits and customers with capital
Bankers: A bank is a financial institution and a financial intermediary that accepts deposits and channels those deposits into lending activities, either directly by loaning or indirectly through capital markets. A bank is the connection between customers that have capital deficits and customers with capital