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/esnR9LC
https://ift.tt/W8NwP63

Comments

Post a Comment

Popular posts from this blog

Punjab CM election case: Coalition govt decides to boycott Supreme Court bench

Image
ISLAMABAD: The coalition government on Monday decided to boycott the current three-member Supreme Court bench which is hearing the case pertaining to the Punjab CM. Chief of Pakistan Democratic Movement (PDM) and Jamiat Ulema e Islam-F (JUI-F) Maulana Fazlur Rehman said the PDM demanded full court hearing of the case related to Punjab CM election. […] The post Punjab CM election case: Coalition govt decides to boycott Supreme Court bench appeared first on BOL News . from BOL News https://ift.tt/Omq7tG2 https://ift.tt/9cFUoLG
Read more

Karachi police to probe DIG Azfar Mahesar’s son’s viral firing videos

Image
KARACHI: Sindh Home Minister Ziaul Hasan Lanjar ordered an inquiry after Deputy Inspector General of Police (DIG) East Azfar Mahesar’s son Asher’s aerial firing videos went viral on social media, ARY News reported. Earlier, video footage showed DIG Azfar Mahesar’s son brandishing different kinds of weapons and resorting to aerial firing in several videos posted on social media. Asher was seen in different locations, sometimes in a moving car, relentlessly conducting aerial firing. Speaking to ARY News, Lanjar said that he has ordered Karachi police to do a forensic examination of the videos and initiate action against DIG Mahesar if he is found guilty in the case. Read more: Caught on camera: Heavy aerial firing by ‘students’ near Seaview Soon after the videos circulated, Karachi police said that it had filed a complaint with the Federal Investigation Agency (FIA) to investigate the matter. According to police, some of the videos were old and were edited, however, an inquiry has
Read more

CJCSC addresses participants of 53rd PN Staff Course

Image
RAWALPINDI: Chairman Joint Chiefs of Staff Committee (CJCSC) General Sahir Shamshad Mirza on Thursday visited Pakistan Navy War College Lahore and addressed the participants of the 53rd PN Staff Course. According to a press statement issued by the Inter-Service Public Relations (ISPR), the CJCSC expressed his views on the armed forces’ efforts in confronting the multifaceted conventional and non-conventional challenges. General Sahir Shamshad Mirza said that the Pakistan Navy has always fulfilled the expectations for the protection of maritime borders. “The Pakistan Navy has a proud history of bravery and sacrifices for the motherland,” the CJCSC added. Earlier upon arrival, General Sahir Shamshad Mirzaki was welcomed by Commander Rear Admiral Azhar Mahmood. On the occasion, the CJCSC also laid floral wreaths and offered Fateha at the martyr’s monument. Read More: CJCSC, Turkish Army chief reaffirm expanding strategic ties Earlier on April 18, Chief of the Turkish General Staff
Read more