Pakistan’s Current Account Deficit Shrinks by 81%: August Surplus Brings Optimism Despite Economic Challenges
Introduction In a significant development for Pakistan’s economy, the current account deficit (CAD) shrank by an impressive 81% during the first two months of the financial year 2024-25 (FY25). After grappling with a series of deficits, August 2024 marked a notable turning point, posting a $75 million surplus. This was a sharp contrast to the […]