KARACHI: The current account deficit (CAD) has narrowed by 4.43 percent during first half of current fiscal year owing to increase in foreign remittances and slowdown in imports.
The current account deficit was at $7.983 billion during July – December of fiscal year 2018/2019 as compared with deficit of $8.353 billion.
Overseas Pakistani workers remitted $10.719 billion in the first half (July to December) of FY19, showing a growth of 10 percent compared with $9.745 billion received during the same period in the preceding year.
The trade deficit eased by 5.7 percent to $16.82 billion during first half of current fiscal year as compared with the deficit of $17.72 billion.
