According to the State Bank of Pakistan (SBP), Pakistan’s current account deficit shrank to $1.113 billion in September from $1.473 billion in August.
In September 2020, the current account balance was $30 million in surplus. On a monthly basis, however, the deficit has shrunk by roughly 24 percent, thanks to an improvement in the trade balance.
“A strong rebound in economic activity and higher international commodity prices kept the current account deficit at an elevated level of $3.4 billion in Q1-FY22 (July-September),” added the central bank.
