Dhaka, Jan. 16 -- Bangladesh's current- account deficit under the balance of payments narrowed to Tk 698.81 billion at the end of FY24, a significant improvement from the Tk 1.085-trillion deficit recorded in the previous financial year.

The more than 35 per cent reduction was primarily driven by a 5.2 per cent increase in exports and a robust 22.5 per cent growth in secondary income, according to data released by the Bangladesh Bank on Thursday.

The central bank analysed four key components of the current account balance - trade balance, services, primary income, and secondary income.

In FY24, the current account balance improved by 35.6 per cent (Tk 386.77 billion) compared to FY23. This was largely attributed to a 23.9 per cent rise...