Govt should focus on Sustainable Growth Rate Instead of Controlling Current Account Deficit, Inflation says Tarin

Govt should focus on Sustainable Growth Rate Instead of Controlling Current Account Deficit, Inflation says Tarin

Tarin, while answering the question on current account deficit, said that it was at $12 billion at the end of nine months, the main reason has been increase in imports which mainly include increase in petroleum products of $6.5 billion, vaccines $3 billion, imported coal $1 billion and crude oil $1 billion.

Tarin said that exports have increased by 25 percent and considering Pakistan is in a growth stage, had the international commodity prices remained stable the country would have had a current account surplus instead of a deficit.

Shaukat Tarin while addressing a press conference said that sustainable growth is imperative and should be the main focus instead of current account deficit and inflation which will reduce eventually.

Original Link: https://profit.pakistantoday.com.pk/2022/04/13/govt-should-focus-on-sustainable-growth-rate-instead-of-controlling-current-account-deficit-inflation-says-tarin/