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Your email address will not be published.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

FBR database breach prevented

Officials of the Federal Board of Revenue (FBR) reported that the database…

Flour Mills will resume operations on Feb 14: Reports

Lahore: Punjab Flour Mills Association (PFMA) announced calling off strike it had…

Exports and remittances will allay trade gap, says Shaukat Tarin

Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin on…

SBP likely to raise interest rate to unlock IMF loan programme

State Bank of Pakistan (SBP) is likely to raise the interest rate…