May 24, 2022
Current Account Deficit of Pakistan (Opinion)
To determine a country’s current account deficit, we compare the value of goods and services exported to that of goods and services imported. Transfers like foreign assistance and interest and dividends are included in the current account even if they only make up a small part of overall income. The soundness of a country’s finances is reflected in its current and capital accounts (BOP). Importing more than exporting leads to a current account imbalance of a nation. In certain cases, a country’s economic well-being is not jeopardised by running a current account deficit Increased borrowing from the outside world may
