Iftar Timings Mar 28 - Ramazan 17

Lahore
LHR
06:20 PM
Karachi
KHI
06:46 PM
Islamabad
ISB
06:26 PM
Peshawar
PWR
06:30 PM
Quetta
QTA
06:49 PM

News

Current account deficit goes down: SBP 

December 16, 2022 11:22 PM


The government measures have brought down the current account deficit significantly, 24NewsHD TV channel reported on Friday. 

According to the State Bank of Pakistan, the current account deficit decreased significantly by 86% in November 2022 as compared to November 2011,

The current account deficit decreased by 51 % in November as compared to the previous month, the SBP said, adding that in November 2022, the current account deficit stood at $27.6 million while the deficit in November 2021 was more than $1 billion

In October 2022, the current account deficit was $569 million and In the current financial year, the current account deficit decreased by 57% while as compared to November 2021, the trade deficit decreased by 44% to $2.025 billion in November 2022.

Compared to November 2021, the exports decreased by 18% to $2.23 billion in November 2022, the bank maintained, adding that compared to November 2021, imports decreased by 33% to $4.26 billion in November 2022.



Most Read

  1. Aitchison College principal resigns over differences with Punjab governor Aitchison College principal resigns over differences with Punjab governor
  2. Aitchison College students, parents stage protest against principal’s resignation Aitchison College students, parents stage protest against principal’s resignation
  3. Tribal firefight in Gotki, Motorways section shut down Tribal firefight in Gotki, Motorways section shut down
  4. Five Chinese among six killed in Shangla suicide bombing Five Chinese among six killed in Shangla suicide bombing
  5. Man murders young sister by smothering her with pillow in Toba Tek Singh Man murders young sister by smothering her with pillow in Toba Tek Singh
  6. Transferred: Lawman bears the brunt of flagging down lawmaker Transferred: Lawman bears the brunt of flagging down lawmaker

Opinion

  1. IMEC to sabotage CPEC
    IMEC to sabotage CPEC

    By Dr Asif Channer

  2. 1947 TO FORM 47
    1947 TO FORM 47

    By Dr Asif Channer

  3. Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....
    Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....

    By Ali Ramay

  4. Global race: China will reduce its unnecessary expenses
    Global race: China will reduce its unnecessary expenses

    By Ali Ramay

  5. Channer Pir: The Great Saint of Cholistan
    Channer Pir: The Great Saint of Cholistan

    By Dr Asif Channer

  6. Literate the Religious Illiterate
    Literate the Religious Illiterate

    By Dr Asif Channer