{"id":63040,"date":"2020-03-22T10:00:00","date_gmt":"2020-03-22T05:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=63040"},"modified":"2020-06-29T17:47:24","modified_gmt":"2020-06-29T12:47:24","slug":"drop-in-imports-narrows-current-account-deficit-to-71","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/drop-in-imports-narrows-current-account-deficit-to-71.html","title":{"rendered":"Drop in imports narrows current account deficit to 71%"},"content":{"rendered":"\n<p>Karachi: The State Bank of Pakistan (SBP) on Wednesday reported that the country\u2019s current account deficit has narrowed to 71% (USD 2.84 billion) during the first eight months of FY2019-20, according to news sources. As per the publication, the SBP has associated this reduction with the significant drop in national imports.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/sbp-to-raise-pkr-4-75-trillion-to-help-with-budget-deficit.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"SBP to raise PKR 4.75 trillion to help with budget deficit (opens in a new tab)\">SBP to raise PKR 4.75 trillion to help with budget deficit<\/a><\/p>\n\n\n\n<p>As per the report, the<a href=\"https:\/\/www.zameen.com\/news\/pm-lauds-govt-generating-usd-99-mn-current-account-surplus.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" current account deficit (opens in a new tab)\"> current account deficit<\/a> stood at USD 9.81 billion during the same period last year. In February 2020, the deficit was a nominal USD 210 million, which is 61% lower than the figures recorded in January 2020, and 38% lower than February 2019.<\/p>\n\n\n\n<p> <strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/exports-grow-current-account-deficit-falls-in-january.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Exports grow, current account deficit falls in January (opens in a new tab)\">Exports grow, current account deficit falls in January<\/a><\/p>\n\n\n\n<p>Moreover, it was also reported\nthat the situation was improved by a 15% drop in the international benchmark\noil price (Brent Crude) which fell below USD 50 per barrel in February 2020. <\/p>\n\n\n\n<p>On the other hand, during the\nfirst eight months of FY2019-2020, exports numbers have reached USD 16.43\nbillion, registering a 3% increase compared with last year\u2019s figures. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The State Bank of Pakistan (SBP) on Wednesday reported that the country\u2019s current account deficit has narrowed to 71% (USD 2.84 billion) during the first eight months of FY2019-20, according to news sources. As per the publication, the SBP has associated this reduction with the significant drop in national imports. Read: SBP to raise PKR 4.75 trillion to help with budget deficit As per the report, the current account deficit stood at USD 9.81 billion during the same period last year. In February 2020, the deficit was a nominal USD 210 million, which is 61% lower than the figures recorded in January 2020, and 38% lower than February 2019. Read: Exports grow, current account deficit falls in January Moreover, it was also reported that the situation was improved by a 15% drop in the international benchmark oil price (Brent Crude) which fell below USD 50 per barrel in February 2020. On the other hand, during the first eight months of FY2019-2020, exports numbers have reached USD 16.43 billion, registering a 3% increase compared with last year\u2019s figures.<\/p>\n","protected":false},"author":75,"featured_media":60606,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016,15017],"tags":[23615,21853],"persona":[],"class_list":{"0":"post-63040","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"category-notices-announcements","9":"tag-drop-in-imports-narrows-current-account-deficit-to-71","10":"tag-state-bank-of-pakistan-sbp","11":"cat-15016-id","12":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Drop in imports narrows current account deficit to 71% - Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: The State Bank of Pakistan (SBP) on Wednesday reported that the country\u2019s current account deficit has narrowed to 71% (USD 2.84 billion) during\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/drop-in-imports-narrows-current-account-deficit-to-71.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Drop in imports narrows current account deficit to 71% - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Karachi: The State Bank of Pakistan (SBP) on Wednesday reported that the country\u2019s current account deficit has narrowed to 71% (USD 2.84 billion) during\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/drop-in-imports-narrows-current-account-deficit-to-71.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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