Tuesday, January 18, 2022
Live-TV(PK) Live-TV(UK) Newspaper اُردُو نیوز
اُردُو نیوز Newspaper
Live-TV(PK) Live-TV(UK)

PM Imran says increase in exports, reduction in CAD deficit a great achievement

PM Imran says increase in exports, reduction in CAD deficit a great achievement
August 22, 2019
ISLAMABAD (92 News) - Increase in Pakistan's exports and visible reduction in external payments's deficit, or CAD, is a great achievement for the country, says Prime Minister Imran in a latest tweet on Wednesday. Commenting on the latest statistics issued by the State Bank of Pakistan, the premier tweets: "The government's consistent focus on reducing our external imbalances by reducing imports and increasing exports and remittances are bearing fruits. Current account deficit reduced by more than $6bn last year and July this year deficit is 72 per cent $1.5 bn lower than July 2018- a great achievement." https://twitter.com/ImranKhanPTI/status/1164158368698830848 According to SBP's latest report, the exports increased by 11 per cent in July 2019 to $2.20 billion and total export touched $24.22bn in fiscal year 2018-19. The import witnessed 26 per cent decline in July 2019. The CAD reduced to $579 million in July as compared to $2.13 billion in the same period of last year. Remittances from overseas Pakistanis stood at $2.03 billion in July this year, compared to $1.98 billion in the same month last year.