The trade gap was narrowing as exports were on a steady trajectory while imports dropped by $4 billion, and the current account deficit also improved, Dawood said. He said the situation on the economic front was not as bad as being portrayed by some quarters and they were ready to correct things as well. However, he acknowledged that the economic situation must have improved at a much accelerated pace. He pointed out that the government provided subsidy on electricity and gas to export-oriented sectors and it would continue in the coming year. Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.

Source: The Express Tribune June 05, 2019 04:30 UTC