Pakistan’s current account deficit in May stand’s at $632m

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.