Pakistan Current Account Deficit at $229million in January 2021

February 23, 2021

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Pakistan’s current account deficit for the month of January 2021 clocked in at US$ 229 million as per Statement released by State Bank of Pakistan.

The deficit in January 2021 was $423 million lower than the December 2020 figure.

Cumulatively, in the first seven months of the current fiscal year, the current account stood in a surplus of US$ 912 million as compared to a current account deficit of US$ 2.54 billion for the same last financial period.

The trade deficit in the first seven months of this fiscal year was recorded at US$13.74 billion. The trade deficit increased by $ 2.14 billion over the same period last fiscal year.

In the first seven months of the current fiscal year, Foreign remittances were of US$16.47 billion were received. The value of remittances increased by 3.2 Dollars over the previous fiscal year.