According to the State Bank of Pakistan (SBP) report, Pakistan’s current account recorded a deficit of $27 million in May 2024, up from a surplus of $50 million recorded in April 2024.
These changes reflect the difficulties in trade and the state of the country’s economy.
Experts attribute the current account deficit to rising exports and widening trade deficit. Despite the previous month’s surplus, this fiscal year’s deficit has reached $46 million over the last 11 months.
This is a significant increase on the $3.8 billion deficit recorded in the corresponding period of the previous fiscal year, and reflects a positive year-on-year trend.
The central bank’s report shows that Pakistan’s current account is changing, reflecting broader economic dynamics and the need to remain vigilant with strategic economic planning.
