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/