Pakistan’s current account deficit has contracted to $1.11 billion in September 2021, the State Bank of Pakistan says in its reports.
The current account balance recorded a surplus of $27 million in the same period of last, the State Bank of Pakistan (SBP) reported on Tuesday.
In September, the deficit amounted to $1.11 billion. It was 24.48% lower than the deficit recorded in the previous month of August.
The current account deficit narrowed to $1.11 bn in Sep 21 from $1.47 bn in Aug 21. A strong rebound in economic activity and higher int'l commodity prices kept the CAD at an elevated level of $3.4 bn in Q1-FY22.https://t.co/Od8ikVvpBF pic.twitter.com/AYvOAnhfUh
— SBP (@StateBank_Pak) October 19, 2021
The data showed during 1QFY22, the country’s deficit reached $3.4 billion compared with a surplus of $865 million during the same period last year.
The central bank wrote on Twitter: “A strong rebound in economic activity and higher [international] commodity prices kept the [current account deficit] at an elevated level of $3.4 billion in Q1-FY22.”
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