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Tag: Balance of Payment

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Pakistan Posts $619 Million Current Account Surplus in March 2024

April 22, 2024April 22, 2024Shahnawaz Akhter

Karachi, April 22, 2024 – In a remarkable economic turn, Pakistan has registered a current account surplus of $619 million for the month of March 2024, as announced by the State Bank of Pakistan (SBP) on Monday.

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Pakistan current account deficit widens by 42% in July 2022

August 24, 2022August 24, 2022Hamza Shahnawaz

Pakistan current account deficit (CAD) widened by 42 per cent in the first month (July) of the fiscal year 2022/2023 as compared with the same month of the last fiscal year, according to data released by the central bank on Wednesday. According to the Balance of Payment (BoP) data issued by the State Bank of […]

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Pakistan’s FY22 current account deficit widens to $17.41 bn

July 27, 2022July 27, 2022Faisal Shahnawaz

KARACHI: Pakistan has posted $17.41 billion as current account deficit (CAD) for the fiscal year 2021/2022, according to data of balance of payment released by the State Bank of Pakistan (SBP) on Wednesday. The country posted a deficit in the current account of $2.82 billion in the preceding fiscal year i.e. 2020/2021. It shows that […]

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Pakistan’s CAD balloons to $15.19 billion in 11 months

June 29, 2022June 29, 2022Faisal Shahnawaz

KARACHI: The current account deficit (CAD) of Pakistan has massively widened to $15.19 billion during 11 months (July – May) of 2021/2022, State Bank of Pakistan (SBP) said Tuesday. The data of balance of payment (BoP) showed the current account deficit was $1.18 billion in the corresponding months of the last fiscal year. READ MORE: […]

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Current account deficit swells to $13.78 bn in 10 months

May 21, 2022May 21, 2022Faisal Shahnawaz

KARACHI: Pakistan’s current account deficit swelled to $13.78 billion during first 10 months (July – April) of the current fiscal year 2021/2022, State Bank of Pakistan (SBP) said on Friday May 20, 2022. The balance of payment (BoP) witnessed a deficit of $543 million in the same period of the last fiscal year. READ MORE: […]

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Pakistan’s CAD mounts to $12 billion in eight months

March 19, 2022March 19, 2022Faisal Shahnawaz

KARACHI: Pakistan’s Current Account Deficit (CAD) has widened to staggering above $12 billion during first eight months (July – February) 2021/2022, the State Bank of Pakistan (SBP) said on Saturday. The current account was surplus by $994 million in the corresponding period of the last months, according to the balance of payment (BOP) issued by […]

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July-Oct current account deficit widens to $5.08 billion

November 19, 2021November 19, 2021Hamza Shahnawaz

KARACHI: The current account deficit of the country has widened to $5.08 billion during July – October of fiscal year 2021/2022. According to the balance of payment released by the State Bank of Pakistan (SBP) on Friday the current account deficit during first four months of the current fiscal year widened to $5.08 billion as […]

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Current account deficit swells to $3.4 billion in 1QFY22

October 20, 2021October 20, 2021Mrs. Anjum Shahnawaz

KARACHI: Pakistan’s current account deficit has ballooned to $3.4 billion during first quarter (July – September) of the current fiscal year 2021/2022 (1QFY22) owing to significant widening in trade deficit. According to balance of payment (BOP) statistics released by the State Bank of Pakistan (SBP) on Tuesday, the current account deficit widened to $3.4 billion […]

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Current account deficit widens to $2.29bn in July-August

September 17, 2021September 17, 2021Faisal Shahnawaz

KARACHI: The current account deficit of the country ballooned to $2.29 billion during first two months (July – August) of the current fiscal year. The SBP issued details of Balance of Payment (BOP) on Friday. The balance of payment has posted a surplus of $838 million in the same months of the last fiscal year. […]

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July current account deficit balloons to $773 million

August 20, 2021August 20, 2021Faisal Shahnawaz

KARACHI: The current account balance has posted a deficit of $773 million during first month of the current fiscal year, State Bank of Pakistan (SBP) said on Friday. 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 […]

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