Pakistan’s current account deficit turned into surplus

Pakistan current account deficit turned into surplus
Karachi: Pakistan's current account deficit has become positive as the current account turned into a surplus of $13 million due to the sharp decline in imports.

According to spokesperson State Bank of Pakistan (SBP), Pakistan's current account has became surplus. The current account deficit remained unaffected in May

Pakistan’s current account has turned into a surplus of $13 million in May against a deficit of $530 million in April and $1,004 million in May 2019.

The current account deficit narrowed by 73.6% to $3.3 billion during July-May 2019-20.

Last year, the current account had a deficit of $12.5 billion during the same period.