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Despite efforts to control Pakistan current account deficit and balance of payments remains a concern. According to the latest data from the State Bank, the current account deficit for July 2024 stood at $162 million, higher than expected.
Trade Deficit: A Major Contributor
The trade deficit has been identified as a major contributor to the current account deficit. In July 2024, the trade deficit increased by 11% compared to June 2024, further exacerbating the issue.
Read Also: Cotton Production in Pakistan Sees Unprecedented Decline
Pakistan’s Economy: Challenges Ahead
The current account deficit is a significant challenge for Pakistan’s economy, making it essential to address the issue. Our website provides in-depth analysis and updates on Pakistan’s economic trends, including the current account deficit.
Stay informed with our latest news and updates on Pakistan’s economy.