The country’s current account posted a surplus of $18 million in April 2023, significantly lower than the surplus of $654 million (revised to $750 million) posted in March 2023.
According to data released by the State Bank of Pakistan (SBP), cumulatively the current account deficit (CAD) reduced to $3.258 billion in July-April FY23 against a deficit of $13.654 billion in July-April FY22.
Current Account Balance (CAB) recorded $18 million surplus in April 2023 against a surplus of $750 million in March 2023.https://t.co/q3LNv3HOB0https://t.co/Od8ikVvXrd#SBPBOP pic.twitter.com/K9aVeuZJcL
— SBP (@StateBank_Pak) May 16, 2023
The current account balance is the difference between the government’s foreign income and expenditure, to put it simply a current account deficit occurs when the government’s foreign income is less than expenditure while a current account surplus occurs when foreign income exceeds expenditure.
In March, the country’s current account posted a surplus for the first time since November 2020. During FY22, Pakistan’s current account deficit stood at $17.481 billion. The country’s current account deficit for the first month of the current fiscal year (FY23) i.e. July 2022 was recorded at $1.26 billion.
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This is inaccurate. Please check your figures again. Surplus should be clocking around $700 Million this month as well.
Why will he lie Mr Ahmed he is reputable artist don’t be stooge of government and follow truth