A trending surplus
Remittances are pouring in and an aura of confidence in the economy is building up. This is a good omen for attaining sustainability, as the country recorded its highest-ever monthly current account surplus in March, touching $1.195 billion compared to $363 million in the same month last year. This was possible owing to an increased inflow from expatriates, a toned-down trend in imports and a sizeable surge in exports despite all odds.
This has encouraged the central bank to raise the benchmark of reserves to $14........
© The Express Tribune
