LSE report highlights urgent need for structural reforms, less dependency on imports, loans
Reaches $397m in Dec, as imports reduced to $4.09b, remittances reached $2.38b
SBP says CAD dropped 64% or $1.6b in first five months of FY24
Shows just $8m deficit, down 98% compared to last year
Deficit stands at $809m for July compared to surplus in past four months
Significant improvement from the CAD of $640 million recorded in April last year
Rise in remittances, fall in imports restrict the deficit to $623m in April
High deficit due to rebound in economic activity, rising global commodity prices
State Bank, commerce ministry stand poles apart in deficit projection
Inflow of foreign currencies estimated to surpass outflow in current fiscal year