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October $567 million shortfall in Pakistan’s current account
October $567 million shortfall in Pakistan’s current account. It was reported that during the first four months of this fiscal year (FY23), Pakistan’s current account deficit (CAD) decreased by 46.8% as a result of lower import expenses and a slight increase in exports. A $567 million deficit was recorded in just October, which represents a…
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Pakistan Current Account Deficit Down 45%
Pakistan’s current account deficit for July 2022 reduced by by 45% to $1.2 billion, which in June was $2.2 billion. This has happened due to a 26 fall in imports (goods and services) to $6.2 billion.
