The finance ministry on Tuesday in its monthly economic outlook report said that the remittances were expected to maintain their upward trajectory due to the seasonal factors of Ramazan and Eid.

“The external account position has strengthened, driven by continued increase in exports and a noteworthy rise in remittances despite an upward trend in imports,” it said, adding that the seasonal factors “will help to keep the current account within manageable limits”.

The current account deficit (CAD) had declined to $12 million in February from $420m in the preceding month —........

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