Moreover, he mentioned that the foreign exchange reserves had dropped below $10 billion, current account deficit (CAD) had reached $20 billion, whereas the trade deficit had reached $32 billion. Salient FeaturesCAD will be reduced to 6.5pc in the upcoming fiscal year of FY19-20. Federal Board of Revenue’s first and foremost priority would be to increase tax revenue in the upcoming fiscal year to nearly Rs5,500 billion. Fiscal deficit would be 7.1pc of GDP i.e. Rs3.13 trillion, while overall fiscal deficit would be Rs3.56 trillion.

Source: Pakistan Today June 11, 2019 13:30 UTC