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Widening trade deficit
EDITORIAL: Pakistan Bureau of Statistics data reveals that the trade deficit has widened by 15.97 percent during the first four months of the ongoing year compared to the same period the year before. Disturbingly, this indicates that the boom-bust cycle remains in operation and major changes that require structural reforms to the extent to arrest it remain pending. Significantly, the International Monetary Fund (IMF) in October 2024 documents titled Article IV Consultation and Request for an Extended Fund Arrangement under the Extend Fund Facility for the first time referred to the boom-bust c...
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