Trade deficit

This refers to the news reports, ‘Trade deficit widens to $2.957bln in Jan’ and ‘Remittances fall to $10.946bln in seven months’ (Feb 11).

These reports have indicated that current account deficit has nearly doubled, reserves are in decline while there is a huge shortfall in revenue collection in the current fiscal year. This shows the sad picture of the country’s economy.

A Majeed

Karachi