ISLAMABAD, Aug 1 — Pakistan imports fell by more than a third in July after a ban on non-essentials, the finance minister said yesterday, adding the improved trade situation will reduce pressure on the struggling rupee.
The rupee traded up slightly at 239.37 to the dollar on Friday, after shedding about 5 per cent last week and more than a quarter of its value this year. Ismail said his government has resolved to bring down the current account deficit significantly and to post a surplus in a year or two.
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