KARACHI: Pakistan’s current account deficit fell by 45 percent to $1.2 billion in July from $2.1 billion in the previous month, owing to the government’s tightened imports policy.
Commodity imports declined overall to $5.3 billion in July from $7 billion in June, based on a statement released by the State Bank of Pakistan (SBP). However, exports also took a hit, decreasing from $3.1 billion in June to $2.2 billion in July 2022.
The balance of trade for goods and services decreased to $3.3 billion in July 2022 from $4.5 billion in the previous month.
The slight improvement in the balance of payments is the result of the government’s tight monetary policies in the past few months, aiming towards drastically reducing the country’s import bill. Several measures were taken such as the complete ban on luxury and non-essential items, including automobiles and smart phones.
Garha Mor, a notable landmark in Vehari, Punjab, Pakistan, is significant in its location, accessibility,…
Located in the center of Wah Cantt, Aslam Market is a vibrant commercial hub that…
Located in the bustling heart of Lahore, Abid Market is a landmark shopping area well…
ISLAMABAD, Nov 16 (APP): The Chairman of the Capital Development Authority (CDA), Muhammad Ali Randhawa,…
Islamabad, Pakistan— IMARAT Group, a leading real estate developer and innovator in Pakistan, announces the…
Amma Tower, located in the bustling area of Saddar in Karachi, is a unique blend…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
