Skip to content
May 24, 2022
  • Home
  • Contact Us
  • Privacy Policy
  • About US
  • PkRevenue Channel

Pkrevenue.com

Pakistan Revenue
  • Home
  • Latest
  • Finance
  • Money & Banking
  • Taxation
  • Stock & Commodity
  • Trade & Industry
  • Automotive
  • IT & Telecom
  • Energy
  • Ports and Shipping
  • Definitions
  • Exchange Rates
Current account deficit narrows by 73 percent to $579 million in July
  • Finance

Current account deficit narrows by 73 percent to $579 million in July

August 20, 2019March 24, 2021

KARACHI: The current account deficit has narrowed by 73 percent to $579 million in July 2019 as compared with the deficit of $2.13 billion in the same month of the last year, according to statistics of Balance of Payment (BoP) released by State Bank of Pakistan (SBP) on Tuesday.

The SBP said that the deficit of goods trade reduced to $1.84 billion in July 2019 as compared with the deficit of $3.48 billion in the comparative month of the last year.

The inflows of home remittances increased to $2.28 billion in July 2019 as compared with $1.98 billion in the same month of the last year.

Analysts said that reduced current account deficit would bode well for the country.

The current account deficit was reached to $19.897 billion in fiscal year 2017/2018. However, the current account deficit reduced to $13.5 billion in the fiscal year 2018/2019.

Related Stories

Current account deficit narrows by 31.71 percent in 2018/2019

Tags Balance of Paymentcurrent account deficitSBPState Bank of Pakistan
Anjum Shah

Read more articles

Previous PostForeign exchange reserves increase by $557 million to $15.577 billion
Next PostForeign direct investment declines by 59 percent in July

Leave a Reply Cancel reply

You have to agree to the comment policy.

You May Like

Current account posts $1.64 billion surplus in five months

Rules for treasury single account system notified

Agriculture sector grows by 2.67pc despite lower production of cotton, sugarcane

Exchange Rates

Bitcoin to Pak Rupee on May 24, 2022

Bitcoin to Pak Rupee on May 24, 2022

Ripple to Pak Rupee on May 24, 2022

Ripple to Pak Rupee on May 24, 2022

Dogecoin to Pak Rupee on May 24, 2022

Dogecoin to Pak Rupee on May 24, 2022

Foreign currency rates in Pak Rupee – May 24, 2022

Foreign currency rates in Pak Rupee – May 24, 2022

Pakistani Rupee to US Dollar on May 24, 2022

Pakistani Rupee to US Dollar on May 24, 2022

Pakistani Rupee to UAE Dirham on May 24, 2022

Pakistani Rupee to UAE Dirham on May 24, 2022

EDITOR’S CHOICE

--BUDGET 2022/2023 PROPOSALS
--Sales Tax Act, 1990 (Updated up to June 30, 2021)
--Tax Laws (Third Amendment) Ordinance 2021
--Income Tax Ordinance updated up to June 30, 2021
--Updated withholding tax card
--Guidelines for vehicle import
--Export Policy Order 2020
--Import Policy Order 2020
--TAX DIRECTORY
--Tax registration procedure for filing annual return of income
  • Gwadar Roundtable
    CPEC CSR projects, development in Gwadar reviewed
  • Bitcoin
    Bitcoin to Pak Rupee on May 24, 2022
  • XRP
    Ripple to Pak Rupee on May 24, 2022
  • doge
    Dogecoin to Pak Rupee on May 24, 2022
  • Exchange Rates
    Foreign currency rates in Pak Rupee – May 24, 2022
  • foreign exchange
    Pakistani Rupee to US Dollar on May 24, 2022
  • UAE Dirham
    Pakistani Rupee to UAE Dirham on May 24, 2022
  • UK Pound
    Pakistani Rupee to UK Pound Sterling on May 24, 2022
  • Pakistani Rupee to Euro on May 24, 2022
  • Saudi Riyal
    Pakistani Rupee to Saudi Riyal on May 24, 2022
  • 2019-2020
  • Auction
  • Automotive
  • Budget
  • Budget 2020-2021
  • Budget 2021-2022
  • Budget 2022-2023
  • Corporate
  • Definitions
  • Energy
  • Exchange Rates
  • Exclusive
  • Finance
  • IT & Telecom
  • Money & Banking
  • National
  • Pakistan Customs
  • PkRevenue Channel
  • Ports and Shipping
  • Stock & Commodity
  • Supplementary Budget 2019
  • Taxation
  • Top stories
  • Trade & Industry
  • Uncategorized
  • World

National

May 23, 2022
GlaxoSmithKline rejects allegations
May 16, 2022
Govt. decides to continue subsidy on petroleum prices
May 3, 2022
Eid ul Fitr 2022 Mubarak
April 28, 2022
SBP directs all banks to open on April 30 before Eid holidays

Energy

May 17, 2022
K-Electric, Siemens sign deal for KKI Grid construction
May 16, 2022
ECC approves Rs55.48bn for price differential claims of OMCs
May 16, 2022
Govt. decides to continue subsidy on petroleum prices
May 14, 2022
Multan customs auctions smuggled diesel oil on May 18, 2022

Automotive

May 22, 2022
Gwadar Collectorate auctions motor cars on May 23
May 21, 2022
SBP makes permission must for import of mobile phone, cars
May 12, 2022
Car sales register 50% growth in 10MFY22
May 11, 2022
Peshawar Customs auctions motor cars on May 16, 2022

Auction

May 22, 2022
Gwadar Collectorate auctions motor cars on May 23
May 14, 2022
Multan customs auctions smuggled diesel oil on May 18, 2022
May 11, 2022
Peshawar Customs auctions motor cars on May 16, 2022
May 9, 2022
Customs auctions confiscated vehicles on May 11, 2022

IT & Telecom

May 21, 2022
SBP makes permission must for import of mobile phone, cars
April 28, 2022
Jazz invests Rs14.9 billion during first quarter
April 24, 2022
FBR proposed to exempt withholding tax on telecom services
April 14, 2022
Supernet raises Rs475 million through book building

Ports & Shipping

September 12, 2021
Ship not to be allowed leaving without payment: Zaidi
August 11, 2021
Pakistan detains ship ‘Heng Tong 77’ for unseaworthy
August 1, 2021
Karachi Port confirms sinking of sugar cargo container
August 1, 2021
Container carrying 39MT sugar sinks at Karachi Port
PkRevenue.com Copyright 2021. All Rights Reserved. Proudly powered by WordPress | Theme: Matina News by Mystery Themes.