ISLAMABAD: Current account deficit declined by 72.6 per cent in November and 73 per cent between July-Nov this year, said Dr Abdul Hafeez Shaikh, Adviser to the Prime Minister on Finance on Friday.
He tweeted that current account deficit is down by 72.6% in Nov 2019 & 73% between July-Nov 2019 VS same period in 2018.
In 5 months, increase in SBP Reserves by $1.8B & reduction of $3B in FX swaps/forward liabilities increased FX buffer by $4.8B providing further stability to external account.
Sharing latest figures on external deficit and foreign reserves on Twitter, he said in five months, an increase in State Bank of Pakistan’s reserves by “$1.8B & reduction of $3B in FX swaps/forward liabilities increased FX buffer by $4.8B,” providing further stability to external account.
With input from INP
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