Says the current account deficit reduced by 29.5%
Pakistan’s foreign reserves grew by $3.47 billion over the past year, the Finance Ministry said Friday.
The ministry said so in its report on the economic performance during the past 10 months.
The current account deficit of the country reduced by 29.5% to $3.3 billion, according to the report.
Remittances increased by 5.5%, it said. The total volume of foreign remittances remained $18.8 billion.
The report said that Pakistan saw an increase of 563% in foreign investment. It had a total volume of $1.86 billion.
The US dollar rose by Rs11.12 over the past year.