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Pakistan posts Current Accout Deficit of USD200Mn in April 2021: SBP

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Pakistan reports Current Account Deficit of $200mn for the month of April 2021 as compared to a deficit of US$510mn in April 2020, 61% lower than in Apr20.

Through the first 10mths of FY1, CAB remains in surplus of $800mn, a significant turnaround from the $4.7bn deficit during the same period last year.

The SBP added: With the economy rebounding strongly in FY21, imports are picking up but are offset by unprecedented growth in remittances and recovery in exports. With the CAB contained and FX reserves at a 4yr high, the economic revival is on a sound and sustainable footing.

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