Macro adjustment policies resulting in stronger growth in multiple sectors: Finance Ministry.

ISLAMABAD -- The Ministry of Finance has said that macro adjustment policies such as monetary tightening, exchange rate adjustments and cuts in development spending have started paying the desired results with stability and growing strength visible in many sectors of the economy. The spokesman of the ministry on Friday has pointed out that the current account deficit declined significantly by 32.1 percent to US$ 13.508 billion (4.8 percent of GDP) during FY2019 as compared US$ 19.897 billion (6.3 percent of GDP), which widened by 57.6 percent in last year. This trend is continued, during July-August FY2020, current account deficit reduced by 54.7 percent to US$ 1.292 billion as compared US$ 2.85 billion...