PM Imran says economic measures reducing trade deficit

09:28 PM | 12 Feb, 2019
PM Imran says economic measures reducing trade deficit
ISLAMABAD - Prime Minister Imran Khan expressed on Tuesday that the country’s economic stabilisation measures taken by the incumbent regime have started showing positive results for January 2019 as compared to the previous year.

PM Imran took to twitter and posted some stats about the trade deficit claiming that exports were rising & imports were falling for Jan 2019 compared to Jan 2018.

In another tweet, the premier said that the deficit in services trade also went down by Rs800 million.

The trade deficit is a major chunk in the Current Account which in turn forms part of the Balance of Payment.

The tweets came as the government is trying to negotiate with the International Monetary Fund (IMF) for economic relief.

Though Imran Khan disparaged IMF package being in opposition, the incumbent Finance Minister Asad Umar is trying to seal a deal with the institution. He has also claimed that the IMF package would be the last one for the country.

Pakistan has already secured a hefty package from Saudi Arabia and the United Arab Emirates.