Trade, current deficits witness decline as remittances rise in 2019-20

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KARACHI: The current account and trade deficits have witnessed a massive decline during the first eight months of the ongoing fiscal year 2019-20 as compared to the same period of the previous year, ARY NEWS reported. According to the details shared by the State Bank of Pakistan (SBP), the current account deficit witnessed a 71 percent decline during the first eight months and stood at US$2.84

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