The SBP released Balance of Payment (BOP) statistics. The data revealed that the current account was in surplus of $583 million in July 2020.
However, the current account deficit has been narrowed in July 2021 when compared with $1.619 billion recorded in June 2021.
The balance of trade in goods has posted a deficit of $3.139 billion in July 2021 when compared with the deficit of $1.672 billion in the same month of the last year.
The export receipts have increased to $2.257 billion in the first month of the current fiscal year 2021/2022 when compared with $1.88 billion in the same month of the last fiscal year.
The import bill also recorded significant growth to $5.396 billion in the month under review when compared with $3.557 billion in the same month of the last year.
The inflow of workers’ remittances recorded at $2.707 billion in July 2021 when compared with $2.764 billion in the same month of the last year.