Current account deficit decreased by 99% as compared to March last year

Outbreaks of Corona virus and consequent worldwide lockdown have reduced Pakistan's current account deficit by 99% in March compared to March last year. The volume of current account deficit in March last year 23 823 million was recorded, the deficit in March 2020 was 6 6 million.

During the first nine months of the current financial year, the current account deficit decreased by 73.1%, from July 2019 to March 2030, the current account deficit was 2. 2.768 billion, in the first nine months of the previous fiscal year. The current account deficit was recorded at 10. 10.284 billion. According to the statistics, the trade deficit decreased by 31% during the current financial year, compared to .2 21.262 billion in the previous financial year, which decreased to 14 in the current financial year. 68 68 billion.

Thus, the deficit in the services sector has declined by 30% overall during the current financial year. The volume of deficit in the services sector in the current financial year stood at 2. 2.44 billion. In the current financial year, the current account deficit has been reduced by 1.3% as a percentage of GDP.