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Tag: current account deficit

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Current account deficit contracts by 60pc to $3.66 billion in 1HFY23: SBP

January 18, 2023January 18, 2023Mrs. Anjum Shahnawaz

KARACHI: State Bank of Pakistan (SBP) on Wednesday said that current account deficit has contracted by 60 per cent to $3.66 billion in first half (July – December) of fiscal year 2022-2023.

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Pakistan’s current account deficit narrows to $3.1 billion in 5MFY23

December 16, 2022December 16, 2022Hamza Shahnawaz

KARACHI: Pakistan’s current account deficit has narrowed to $3.1 billion during first five months (July – November) of fiscal year 2022-2023, according to data released by the State Bank of Pakistan (SBP) on Friday.

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Pakistan current account deficit narrows by 47pc in 4MFY23

November 21, 2022November 21, 2022Faisal Shahnawaz

Current Account Deficit (CAD) of Pakistan narrowed by 47 per cent in first four months (July – October) of fiscal year 2022-2023 (4MFY23), according to Balance of Payment (BoP) details released by State Bank of Pakistan (SBP) on Monday. The CAD contracted to $2.82 billion during first four months of the current fiscal year as […]

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Current account deficit declines by 37% to $2.21 billion in first quarter

October 19, 2022October 19, 2022Hamza Shahnawaz

KARACHI: Pakistan’s current account deficit has recorded a decline of 37 per cent to $2.21 billion during first quarter (July – September) of fiscal year 2022/2023, according to official data released on Wednesday. The current account deficit of the country was $3.53 billion in the same quarter of the last fiscal year. READ MORE: Pakistan […]

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Pakistan current account deficit narrows by 19% in July – August

September 22, 2022September 22, 2022Faisal Shahnawaz

KARACHI: Pakistan current account deficit recorded a contraction of 19 per cent during first two months (July – August) of the current fiscal year 2022/2023, according to data released by State Bank of Pakistan (SBP) on Wednesday. The current account deficit during the period under review was at $1.92 billion as compared with $2.37 billion […]

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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 hit $13.17 billion in July – March

April 23, 2022April 23, 2022Faisal Shahnawaz

KARACHI: Pakistan’s current account deficit (CAD) hit record $13.17 billion during first nine months (July – March) 2021/2022, according to balance of payment (BoP) data released on Saturday. The current account deficit for July – March 2021/2022 widened to $13.169 billion as compared with the deficit of $275 million in the corresponding months of the […]

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