Karachi – Pakistan’s economic landscape shows promising signs as the country’s Current Account Deficit (CAD) has seen a substantial reduction by 74 percent, dwindling to $999 million during the initial eight months (July – February) of fiscal year 2023-24, according to recent data unveiled by the State Bank of Pakistan (SBP) on Tuesday.
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This tag provides stories related to current account deficit. Check updates for current account deficit at Pakistan Revenue.
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Pakistan Records Remarkable 71% CAD Contraction in 7MFY24
Karachi, February 19, 2024 – Pakistan has achieved a noteworthy 71 percent contraction in the Current Account Deficit (CAD) during the first seven months (July – January) of the fiscal year 2023-24, signaling positive economic developments, according to data released by the State Bank of Pakistan (SBP).
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Pakistan Records Massive Contraction of 77% in CAD for 1HFY24
Karachi, January 17, 2024 – In a remarkable turn of events, Pakistan has witnessed a substantial contraction of 77% in its Current Account Deficit (CAD) during the first half (July – December) of the current fiscal year, according to data released by the State Bank of Pakistan (SBP).
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Pakistan Records 64.46% contraction in CAD in 5MFY24
Karachi, December 18, 2023 – Pakistan has witnessed a significant contraction of 64.46 percent in its Current Account Deficit (CAD) during the first five months (July – November) of the fiscal year 2023-24, according to data released by the State Bank of Pakistan (SBP) on Monday.
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Current Account Deficit Contracts Significantly by 66% in 4MFY24
Karachi, November 20, 2023 – The Current Account Deficit (CAD) has experienced a remarkable contraction of 66 percent during the first four months (July – October) of the fiscal year 2023-24, according to data released by the State Bank of Pakistan (SBP).
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Pakistan Reports 58% Contraction in Current Account Deficit in 1QFY24
Karachi, October 19, 2023 – Pakistan has reported a substantial contraction in its current account deficit (CAD), with a remarkable 58 percent reduction during the first quarter of fiscal year 2023-24.
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Pakistan’s Current Account Deficit Shrinks by 54% in First Two Months of FY24
Karachi, September 14, 2023 – Pakistan’s current account deficit (CAD) has seen a substantial reduction of 54 percent during the first two months of the fiscal year 2023-24, according to data from the State Bank of Pakistan (SBP).
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Pakistan’s July Current Account Deficit Shrinks by 36%, Trade Gap Contracts
Karachi, August 18, 2023 – Pakistan’s current account deficit has shown a remarkable reduction of 36 percent in July 2023, as unveiled by data released by the State Bank of Pakistan (SBP) on Friday.
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Pakistan’s Current Account Deficit Narrows Sharply by 85% to $2.56 Billion
Karachi, July 18, 2023 – Pakistan has made significant progress in reducing its current account deficit, which stood at $2.56 billion for the fiscal year 2022-23. This represents a substantial 85% decrease compared to the previous fiscal year.
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Pakistan’s Current Account Deficit Shrinks by 81% in 11MFY23
KARACHI: Pakistan’s current account deficit witnessed a significant reduction of 81 percent during the first eleven months (July – May) of the fiscal year 2022-23, compared to the same period in the previous fiscal year.
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