Corporate Ambassador brief analysis
Pakistan’s current account deficit has crossed 7 billion dollars in 10 months of the outgoing financial, indicating serious crisis on the external economic situation of the country.
State Bank of Pakistan today reported 7.24 billion dollars current account deficit from July 2016 to April 2017 (10 months), compared to only 2.37 billion dollars such deficit in corresponding period of preceding financial year.
The trade deficit in 10 months of financial year 2016-17 also mounted close to 26 billion dollars (25.9 billion) as against 21.2 billion dollars of the comparative period of last financial year.
State Bank’s latest data shows the external economy of Pakistan was in deep trouble that is evident from the wide gad in the current account deficit and an unprecedented trade deficit as exports are declining and imports are rising in the absence of a check and balance strategy by the PML(N) government that wasting whole energy on Panama case and snubbing PTI leader Imran Khan.
Weekly Corporate Ambassador 