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Published 2 years ago

Pakistan's current account gap widens to $1.4b

Summary by Ground News

Pakistan's current account deficit clocked in at $1.425 billion in May 2022, compared to $640 million recorded in the same period of the previous year. The current account balance is a key figure for Pakistan's economy. A widening deficit in the current account leads to an outflow of dollars, which puts pressure on the currency.

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Current account deficit hits $1.4bn in May: SBP

KARACHI: Pakistan’s current account deficit (CAD) widened to $1.4 billion in May 2022, according to data released by the State Bank of Pakistan (SBP) on

2 years ago·Pakistan

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Business Recorder

Pakistan's current account deficit clocks in at $1.43bn in May 2022

* Deficit 131% higher on monthly basis as it amounted to $618mn in April 2022

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Pakistan's current account gap widens to $1.4b

SBP cites decline in remittances, exports on account of Eid ul Fitr holidays as reasons behind high current account deficit

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