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Pakistan’s current account deficit in April widens by 42 percent : SBP | Breaking News | BOL News

n April the current account deficit stood at $1.241 billion compared to $871 million in March. The current account deficit in July to April for fiscal year 2019 amounted to $11.58 billion compared to $15.86 billion for the same period for fiscal year 2018.

The current account deficit as of GDP stood around 4.8 per cent.

Pakistan's central bank raised its key interest rate by 150 basis points to 12.25 percent on Monday, citing continuing inflationary pressures, a high fiscal deficit, and recent exchange rate depreciation.

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