“That’s how Pakistan did not default,” Dar celebrates CAD decline

ISLAMABAD: Finance Minister Ishaq Dar on Tuesday, in a tweet said that the country has seen a significant decline in the current account deficit in the fiscal year 2022-23.

In his tweet, Dar said that our current account remained in surplus over the last four months with a surplus of 334 million dollars recorded in June.

“Current Account Surplus (CAS) for June 2023 closed @ $ 334 million against Current account Deficit (CAD) of $ 2,321 million in June 2022 CAD for FY23 closed @ $ 2.56 billion, which is 14.65% of CAD of US$ 17.48 billion for FY22. That’s how Pakistan didn’t default! AlhamdoLilah” wrote the finance minister in his tweet.

Read more: Govt will support PAF modernization: Dar

Separately, earlier today, in his meeting with Chief of Air Staff Marshal Zaheer Ahmad Babar Sidhu Dar said that the government will utilise all its resources to modernise Pakistan Air Force (PAF) to ensure “an impregnable aerial defence of the country”.