current affairs MCQ #5102

Pakistan's current account deficit improved significantly in FY2023 mainly due to:

current affairs MCQ #5102

  1. Question 1

    Q1. Pakistan's current account deficit improved significantly in FY2023 mainly due to:

    • A) A surge in exports of manufactured goods
    • B) Sharp decline in imports due to administrative controls and currency depreciation
    • C) Increase in foreign direct investment inflows
    • D) Record high remittances from Gulf countries

    Answer: Sharp decline in imports due to administrative controls and currency depreciation

    Explanation: Pakistan's current account deficit narrowed sharply in FY2023 primarily because strict administrative import controls and massive currency depreciation compressed the import bill rather than export growth.