As per the latest data by the State Bank of Pakistan, the country's current account deficit stood at 3.6 billion dollars, 4.2 percent of gross domestic product (GDP), during first two months of the Financial Year 2017-18. Trade deficit during September remained flat at 2.2 billion dollars. ...
This study investigates the determinants of the current account deficit in Pakistan by using the annual time series data for the period from 1976 to 2010. The cointegration results suggest the positive and significant long run relationship of the current account deficit with the exchange rate, trade...
According to the SBP, during 9MFY24, Pakistan’s current account deficit shrank to only $508m from $4.05bn in the same period last year. This was possible both due to a big rise in exports and an even bigger fall in imports — a slight increase in remittances played a tiny role. But...
Ismail is the fifth finance minister to be replaced in less than four years as Pakistan's economy has witnessed persistent turbulence while its current account deficit has widened starkly and rising inflation has put pressure on both families and businesses. Adding to the crisis, ...
"We need some help to push our exports. The main problem in Pakistan right now is current account deficit so this (the CIIE) is a great opportunity for Pakistan to have a pavilion where we will be exhibiting our exports," the prime minister told Chinese media on Wednesday ahead of his ...
The co integration results indicate the long run relationship between thebudget deficit and current account deficit while the Granger causality running from current account to budget deficit. So the twin deficit hypothesis is accepted by rejecting Ricardianequivalence hypothesis. Pakistan is a non ...
The funds, part of a $650 billion global programme, will shore up Pakistan's foreign reserves, under pressure from a rise in the current account deficit and falling remittances from workers based abroad. Pakistan entered a $6 billion IMF program in 2019, a sixth review of which...
This study aims to investigate the long run relationship among the current account deficit and the trade deficit for two developing countries, naming India and Pakistan. The reason behind selection of these two is that both of them are facing deficits in trade balance and current account since th...
which will not only lower Pakistan's current account outflows by reducing imports, but also increase inflows as a result of exports. This makes the industrial cooperation component of CPEC an important tool for improving Pakistan's trade deficit and, more importantly, generating revenue for repayme...
The Current account deficit was the highest in the FY 18 compared to FY 17. In the FY 18, the CAD was around 6.3% whereas the CAD in FY 17 was around 4.3%. The exchange rate within Pakistan was declining continuously and the cumulative exchange rate decline was having growth of around ...