A general view of the port of Gwadar. – Reuters / File Smaller excess assigned to higher goods imports, to lower exports. In annual shift, the current account surplus dropped by 96%, according to SBP. The analysts expected the current account to be negative. Karachi: Pakistan posted a smaller current account surplus in April, shrinking … Read more
A currency merchant has US dollars in a Karachi store. – AFP / File The previous record for the highest monthly surplus was $ 981 million in August 2012. The 9m Fy25 surplus reached $ 1.86 billion, reversing the deficit of $ 1.65 billion from last year. Exports increase by 10% in annual sliding to … Read more
A merchant has Pakistani rupee tickets in a exchange stand in Peshawar. – Reuters / File Budget balance records a divergence from RS0.43Tr. The country’s budgetary accounts remain irreconcilable. The budget deficit represents 1.2% of Pakistan’s GDP. Islamabad: The overall Pakistan budget has passed from a surplus in a deficit of RS1.54 Billions, or 1.2% … Read more
A representative image of a currency dealer counting $100 bills. — AFP/File The current account surplus for December alone climbs to $582 million. The turnover surplus decreased by 15% compared to the previous month. . Prime Minister Shehbaz Sharif welcomes current account surplus. KARACHI: Pakistan recorded its highest current account (CA) surplus in 15 years … Read more
A currency trader counts Pakistani rupee notes as he prepares to exchange U.S. dollars in Islamabad, December 11, 2017. — Reuters Pakistan has a current account surplus of $729 million. The surplus reflects the importance of remittances and the reduction in trade deficits. November marks the 4th consecutive month of surplus. KARACHI: Pakistan recorded its … Read more