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Thursday, July 19, 2018

The current account deficit reached $ 18 billion

The unprofessional increase in goods imports increased financial account of $ 18 billion in fiscal year 2017-18, which is 5 billion 37 million dollars or 42.57 percent higher than the year 2016-17 and the National Production (GD) P) is 5.7 percent before that 4.1 percent of GDP in Focal Air.

According to the figures released by the State Bank of Pakistan, the current account deficit was $ 17 billion in the year 2017-18, which was $ 10 billion in the year 2016-17. The current account deficit continued with a slight exception with every passing quarter, and in that case all the control measures were proved unprofessional.

July to September, the current account deficit is $ 3 billion 54 million, from October to December to US $ 4 billion 37 million, from July to March, a comparatively marginal reduction of US $ 4 billion 27 million and April accounts in the quarter of April. The deficit increased to 5 billion 79 million dollars.
In June, the current account was $ 84 billion in May and $ 2 billion in May, in the month of May, in the same period, the largest part of the current debt deficit was the loss of goods and services, due to the significant contribution of imports in the case of exports. Have been

Although the value of rupees in the value of rupees several times due to decrease in export, the exports started and 13% increase in goods exports increased while export of goods and services increased by 12.6 percent, but all attempts to control imports proved to be rigid. .

Import duty duty could not be able to control the import and imports of goods and services increased by 14.7 percent, the imports of goods were 55 billion $ 6.6 million and the trade deficit stood at US $ 31 billion 740 million which was 26 billion in fiscal year 2016-17. The wage was less than $ 4 billion over a million dollar loss.

Similarly, the overall deficit of the previous financial year goods and services traded at $ 36 billion 24 million compared to US $ 31 billion, while the transit was slightly higher than $ 19 billion 35 million, 19 billion 62 There are $ 50 million, which proved to be extremely inaccessible to meet the heavy account account deficit.

Politician had made offshore company and invested there money in swiss banks , 

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