Why does Pakistan have a negative balance of payments?
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Pakistan's payments problems have been chronic since the 1970s, with the cost of oil imports primarily responsible for the trade imbalance. ... Increased imports and softer demand for Pakistan's textiles and apparel in major markets also caused the current account deficit to further increase.
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Pakistan's payments problems have been chronic since the 1970s, with the cost of oil imports primarily responsible for the trade imbalance. ... Increased imports and softer demand for Pakistan's textiles and apparel in major markets also caused the current account deficit to further increase.
Explanation:
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