Pakistan's current account surplus rises, SBP reveals

Islamabad: State Bank of Pakistan (SBP) revealed that the balance of import and export in the month of May turned in favor of Pakistan.

According to data released by State Bank, there was a current account surplus of 255 million dollars in May due to surplus in exports.

In the eleven months of this fiscal year, the current account deficit was more than 15 billion dollars, which was reduced by decreasing the imports by 16 billion dollars in the 11 months. Due to this, the imports in 11 months last year were 64 billion dollars, this year they were 48 billion dollars.

This year, remittances from abroad decreased by 3.6 billion dollars and settled at 24.84 billion dollars.