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Tag: current account deficit

Pakistan records $324 million current account deficit in April 2026

May 18, 2026May 18, 2026Shahnawaz Akhter

Rising trade deficit pushes Pakistan into monthly external account shortfall State Bank of Pakistan (SBP) on Monday reported that Pakistan posted a current account deficit (CAD) of $324 million in April 2026, reversing the strong surplus recorded in the previous month.

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SBP report on banking sector

Pakistan posts $1.07 billion current account deficit in 7MFY26

February 17, 2026February 17, 2026Shahnawaz Akhter

Karachi, February 17, 2026 – Pakistan has recorded a current account deficit of $1.07 billion during the first seven months (July to January) of fiscal year 2025-26, marking a sharp shift from a $564 million surplus in the same period last year, according to the latest Balance of Payment (BOP) data released by the State […]

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Pakistan’s current account deficit widens to $1.74 billion in 1HFY26: SBP

January 19, 2026January 19, 2026Shahnawaz Akhter

Karachi, January 19, 2026 – The State Bank of Pakistan (SBP) has reported a sharp increase in the country’s current account deficit, which surged to $1.74 billion during the first half (July–December) of fiscal year 2025-26. This represents a significant shift from a current account surplus of $957 million recorded in the same period last […]

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Pakistan’s Current Account Deficit Narrows by 92% in 1QFY25

October 21, 2024October 21, 2024Shahnawaz Akhter

Karachi, October 21, 2024 – Pakistan’s current account deficit sharply contracted by a staggering 92% year-on-year (YoY) in the first quarter of the fiscal year 2024-25, according to data released by the State Bank of Pakistan (SBP) on Monday.

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Pakistan’s Current Account Deficit Contracts by 81% in 2MFY25

September 18, 2024September 18, 2024Shahnawaz Akhter

Karachi, September 18, 2024 – Pakistan’s current account deficit witnessed a sharp contraction of 81% during the first two months (July–August) of the current fiscal year 2024-25, according to a report released by the State Bank of Pakistan (SBP) on Wednesday. The deficit fell to $171 million, compared to $893 million in the corresponding period […]

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Pakistan’s Current Account Deficit Shrinks by 78% in July

August 19, 2024August 19, 2024Shahnawaz Akhter

Karachi, August 19, 2024 – Pakistan witnessed a sharp 78% reduction in its current account deficit for July 2024, driven by robust export performance and a surge in remittances. The State Bank of Pakistan (SBP) reported on Monday that the deficit for the month stood at $162 million, a significant improvement from the $741 million […]

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State Bank of Pakistan Report

CAD Shrinks by 80% to $681 Million in FY24: SBP

July 19, 2024May 17, 2026Shahnawaz Akhter

Karachi, July 19, 2024 – Pakistan’s Current Account Deficit (CAD) has dramatically narrowed by 80 percent, plummeting to $681 million in the fiscal year 2023-24, according to a report released by the State Bank of Pakistan (SBP) on Friday.

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State Bank of Pakistan 04

Current Account Deficit Narrows to $464 Million in 11MFY24

June 21, 2024June 21, 2024Shahnawaz Akhter

Karachi, June 21, 2024 – The State Bank of Pakistan (SBP) announced on Friday that the country’s current account deficit has narrowed significantly to $464 million during the first 11 months (July – May) of fiscal year 2023-24. This marks a substantial improvement compared to the $3.76 billion deficit recorded in the same period of […]

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State Bank of Pakistan 04

Pakistan’s CAD Shrinks 74% to $999M in 8MFY24

March 20, 2024March 20, 2024Shahnawaz Akhter

Karachi – Pakistan’s economic landscape shows promising signs as the country’s Current Account Deficit (CAD) has seen a substantial reduction by 74 percent, dwindling to $999 million during the initial eight months (July – February) of fiscal year 2023-24, according to recent data unveiled by the State Bank of Pakistan (SBP) on Tuesday.

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State Bank of Pakistan 04

Pakistan Records Remarkable 71% CAD Contraction in 7MFY24

February 19, 2024February 19, 2024Shahnawaz Akhter

Karachi, February 19, 2024 – Pakistan has achieved a noteworthy 71 percent contraction in the Current Account Deficit (CAD) during the first seven months (July – January) of the fiscal year 2023-24, signaling positive economic developments, according to data released by the State Bank of Pakistan (SBP).

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