The State Bank of Pakistan (SBP) Friday released the latest data on the Country’s current accounts deficit.
According to the SBP, the current account deficit in May 2021 was $632 million, while the trade, services and revenue deficit during the period was $3.23 billion.
According to the data, exports declined in May, with losses due to Eid holidays and partial lockdowns.
Central bank data shows, the current account surplus in the first 11 months of the current financial year stood at $153 million while the current account deficit in the first 11 months of the last financial year was $4.32 billion.
Per the statistics, the trade deficit increased by 26% to $24 billion in the first 11 months of the current financial year.
According to the SBP, the country's imports increased by 17% to $47 billion in 11 months, while exports increased by 10% to $23 billion in 11 months.
The latest data shows that the trade, services and revenue deficit in 11 months stood at $29.99 billion, while workers' remittances increased by 29% to $26.73 billion.
Trump’s new attempt to seize control of the Federal Reserve, explained
- 7 گھنٹے قبل
The cat-and-mouse game over 3D-printed guns has begun
- 9 گھنٹے قبل
Fire at PIMS Nursery leaves 15 newborns dead
- 6 منٹ قبل
Robotaxis are real now — so is the pushback
- 9 گھنٹے قبل
Why does it seem like food recalls are out of control this year?
- 9 گھنٹے قبل
The Witcher 4 developers target a 2028 release
- 9 گھنٹے قبل
ESPN streaming plans are getting more expensive
- 9 گھنٹے قبل
The Pixel 11 Pro is a great phone, no thanks to its flashiest new features
- 9 گھنٹے قبل
PRA tightens enforcement against fraudulent tax returns, orders data-driven scrutiny
- 21 گھنٹے قبل
Watch Valve set up the Steam Frame in its own leaked videos
- 9 گھنٹے قبل
The Supreme Court just revived Trump’s attempt to sabotage the 2026 election
- 7 گھنٹے قبل
Tesla sunsets its Solar Roof tiles
- 9 گھنٹے قبل
