“Dr. Inayat Hussain, the Deputy Governor of the State Bank, mentioned that importing food items worth $8 billion had a significant impact on the country’s current account.
He emphasized that if this import hadn’t occurred, the current account would have shown a surplus.
Speaking at an event in Burewala, he highlighted the crucial role of the agriculture sector, stating that 65 percent of the country’s population is directly connected to agriculture, making it the backbone of the economy.
Dr. Hussain pointed out that the population of the country is increasing by 2 percent annually, and last year, food items worth $8 billion were imported.
Identifying the current account deficit as a core issue in the country’s financial challenges, he suggested that enhancing the efficiency of the agricultural sector could be a key solution.”