KARACHI: Pakistan’s current account deficit reached $1.03 billion in March 2022, compared to $369 million recorded in the same period of the previous year, the data released by the State Bank of Pakistan (SBP) showed on Saturday.
The SBP said a “turnaround in the current account” has continued as a deficit of $1 billion is lower than the average during FY22.
“Despite high global commodity prices, the turnaround in the current account continues, with a deficit of $1bn in Mar, $500mn lower than the average during FY22,” tweeted the SBP.
Despite high global commodity prices, the turnaround in the current account continues, with a deficit of $1bn in Mar, $500mn lower than the average during FY22. Moreover, the non-oil balance remained in surplus for the 2nd consecutive month. https://t.co/Od8ikVvpBF pic.twitter.com/bQCNHQjOSz
— SBP (@StateBank_Pak) April 23, 2022
