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fiscal deficit of Pakistan reduced by 73 percent


Muhammad UsmanMultimedia Journalist

21st Dec, 2019. 12:10 am
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fiscal deficit

Current fiscal deficit of Pakistan reduced by 72.6 percent during first five month of FY 2019-2020.

Prime Minister’s Adviser on Finance Abdul Hafeez Sheikh tweeted two different charts to show performance of the government in finance sector.

He wrote in his tweet  that the current account deficit reduced by seventy three percent during the first five months of current fiscal year as compared to the corresponding period last year.


Hafeez said the foreign exchange reserves of State Bank of Pakistan increased by 1.8 billion dollars during this period, in a tweet on Friday,

He said reduction of three billion dollars in foreign exchange swaps and forward liabilities increased the foreign exchange buffer by 4.8 billion dollars which provided further stability to external account.

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