Federal Minister for Finance and Revenue, Miftah Ismail said here on Friday that positive talks were underway with International Monetary Fund (IMF) and expressed the hope that there would be a turnaround in the economic situation very soon.
In a tweet, the federal minister said that the country’s current account deficit (CAD) during the month of April has come down to $623 million, less than half the average for the first nine months of the fiscal year 2021-22.
The Current Account Deficit for April came in at $623 million, less than half the average for the first 9 months of the fiscal year. This is a very good sign for external stability. With positive IMF talks underway, we expect a turnaround in the economic situation very soon.
— Miftah Ismail (@MiftahIsmail) May 20, 2022
