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CAD shrinks to $1.1bn in Sep from $1.47bn in Aug: SBP

Pakistan’s current account deficit has contracted to $1.11 billion in September 2021, the State Bank of Pakistan says in its reports.

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CAD shrinks to $1.1bn in Sep from $1.47bn in Aug: SBP
GNN Media: Representational Photo

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 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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