Pakistan’s current account deficit shrinks by $8m in Sep: SBP

Pakistan, Current account deficit, SBP

ISLAMABAD: Pakistan’s current account posted a deficit of $8 million in September, ARY News reported quoting the State Bank of Pakistan (SBP).

According to SBP data, the deficit was lower when compared with $950 million in July 2023, the current account deficit was $ 360 million in September last year.

Earlier, Pakistan’s current account posted a deficit of $809 million in July, the highest since October 2022, State Bank of Pakistan (SBP) data showed.

The deficit was lower when compared with $1.26 billion in July 2022, but is in stark contrast to the figure in June 2023 when the current account posted a surplus of $500 million.

As per the central bank data, the country’s exports (goods and services) decreased to $2.654 billion in July 2023 against $2.743 billion in July 2022.

On the other hand, total imports stood at $5.03 billion in July 2023 against $6.07 billion in the same period last year.

Last year in July, the trade balance in services witnessed a deficit of $32m.

Furthermore, the worker’s remittances fell by 19.28% YoY; on a monthly basis, the remittances went down by 7.32% MoM to $2.027bn.



from ARY NEWS https://ift.tt/APoXeWv

Comments

Post a Comment

Popular posts from this blog

Transport Canada declares Pakistan’s aviation security satisfactory

Image
KARACHI: In a major development, the security delegation from Transport Canada on Wednesday completed the security audit of Jinnah International Airport, ARY News reported. According to Airports Security Force (ASF), the team conducted thorough inspection of the security arrangements in place at the airport and found them satisfactory. During the audit, the ASF team comprising National Inspectors gave a briefing to the Transport Canada team. The assessment team was given briefing on security deployment, entry control, screening, issuance of passes and addressing emergency situations. The Transport Canada team commended the efforts of the ASF for taking additional measures to ensure the safety of the Pakistan International Airlines’ (PIA) direct flights to Canada. The team also termed the overall aviation security measures satisfactory at the international airports of Pakistan. It is pertinent to mention that the two-member delegation from Transport Canada arrived in Pakistan on...
Read more

Teenage girl falls from 6th floor while ‘making’ reel

Image
A teenage girl fell from the sixth-floor balcony of a high-rise building in Ghaziabad, India while trying to make an Instagram reel, local media reported. In yet another sad event that was sparked by the social media reel obsession, Monisha, a class 11 student suffered a near-fatal incident. The 16-year-old girl was reportedly making social media reels when she fell from the balcony of her sixth-floor apartment almost killing herself. According to local media, Monisha took her mother’s phone and went to the balcony to take reels while she was busy in the kitchen. As Monisha was making the reel, the mobile phone slipped from her hand and as she tried to grab the device, the 16-year-old- fell from the sixth-floor balcony. In a disturbing video from the incident that went viral on social media, Monisha laying semi-conscious on the road with blood seeping from her mouth. WARNING: The video below might be DISTURBING for some. VIEWER DISCRETION ADVISED https://arynews.tv/wp-content/u...
Read more

Biden tests positive for Covid, fueling health worries

Image
US President Joe Biden tested positive for Covid with mild symptoms Wednesday, shortly after conceding he would consider dropping his reelection bid if doctors diagnosed him with a serious medical condition. The 81-year-old Democrat gave reporters the thumbs up and said “I feel good” as he cut short a trip to Las Vegas and flew to his beach home in Delaware to go into isolation, which will take him off the campaign trail for days. Biden thanked well-wishers on X, adding that “I will be isolating as I recover, and during this time I will continue to work to get the job done for the American people.” The infection comes at a critical moment for Biden’s campaign, with the president seeking to show he is up to the job after a disastrous debate performance against rival Donald Trump sparked concerns about his health and calls from some Democrats for him to step aside. It is also the latest development in a tumultuous few days in an already frenetic White House race that saw Trump survi...
Read more