'High energy prices': Current account deficit widens to $1.6 billion in October
The country's current account deficit has widened to $1.66 billion in October 2021, thanks to high energy prices.


According to the State Bank of Pakistan (SBP), the country had recorded a current account surplus of $448 million in the corresponding quarter of the previous year.
The $1.66 billion figure is the largest deficit recorded since the start of the current fiscal year 2021-22.
Current account deficit widened to $1.66bn in Oct21 from $1.13bn in Sep21 on the back of a moderate decline in exports & remittances &some uptick in services imports. High energy prices kept the import bill elevated despite a downtick in non-energy imports:https://t.co/Od8ikVvpBF pic.twitter.com/ZyK8IhKWY4
— SBP (@StateBank_Pak) November 19, 2021
The country witnessed a steep climb in the current account deficit for the third consecutive month, remaining around $1.5 billion.
“Current account deficit widened to $1.66 billion in October 2021 from $1.13 billion in September 2021 on the back of a moderate decline in exports [and] remittances [and] some uptick in services imports,” the SBP said on its official Twitter handle.
The central bank said high energy prices kept the import bill elevated despite a downtick in non-energy imports.

KP CM announces no forced expulsions of Afghan nationals
- 3 گھنٹے قبل
50 Afghan nationals detained in Rawalpindi
- 5 گھنٹے قبل
PSX sees record surge, closes lower amid global market concerns
- 7 گھنٹے قبل
Magnitude 4.0 earthquake hits Arabian Gulf near Jubail
- 4 گھنٹے قبل

Ohtani's walk-off pushes Dodgers to historic 8-0
- 6 گھنٹے قبل

China imposes 34% tariffs on US imports in trade war retaliation
- 3 گھنٹے قبل

UK set to host 2035 Women’s World Cup, FIFA president confirms
- 5 گھنٹے قبل
268th Corps Commander Conference reaffirms commitment to eradicate terrorism
- 3 گھنٹے قبل

Legendary rock band Metallica surpasses one billion benchmark on Spotify
- ایک گھنٹہ قبل

IMF delegation in Pakistan for technical support, budget discussions
- 6 گھنٹے قبل

Bilawal reaffirms PPP's commitment to Zulfikar Ali Bhutto's legacy
- 2 گھنٹے قبل
Two terrorists neutralised in IBO Balochistan's Kech IBO
- 29 منٹ قبل