Pakistan’s current account posted a surplus of $654 million in March after a fall in imports forced due to restrictions and a jump in remittances amid the holy month of Ramadan. It was the first time since November 2020 that the current account was in the surplus territory, with $654 million being the highest surplus since February 2015, State Bank of Pakistan’s (SBP) data showed.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Work on Pakistan-Iran gas pipeline initiated: Minister

Caretaker Federal Minister for Energy, Power and Petroleum Muhammad Ali said that…

13 arrested for hawala, hundi business in separate raids

Federal Investigation Agency (FIA) detained eight persons on Thursday as part of…

Oil prices rally, stocks slide as traders track Israel-Iran crisis

Oil prices jumped and stocks mostly fell Tuesday after US President Donald…

Pakistan ‘offers’ zero-tariff bilateral trade to US

Pakistan has proposed a zero-tariff bilateral trade agreement with the United States…