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Your email address will not be published.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

Pakistan signs free trade deal with GCC

Pakistan and Gulf Cooperation Council (GCC) “initialized” a free trade agreement, the…

Rupee crosses 211 per US dollar

Karachi: The Pakistani rupee remained highly volatile and continued its losing streak…

Brazil’s former president bids to start trade with EU

Sao Paulo: On July 27, Brazil’s presidential frontrunner Luiz Inacio Lula da…

Trade suspension at Chaman border enters day three

Chaman: A major border crossing between Afghanistan and Pakistan — the Chaman…