ISLAMABAD: Pakistan’s current account has turned into a surplus of $13 million on May 20 against a deficit of $530 million in April 20 and $1,004 million in May 19, stated the State Bank of Pakistan on Wednesday.
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“Pakistan’s Current Account turned into a surplus of $13 million May 20 against a deficit of $530 million in April 20 and $1004 million in May 19,” stated a tweet from the SBP.
1/2 Pakistan’s Current Account turned into a surplus of $13 mn May20 against a deficit of $530 mn in Apr20 and $1004 mn in May19. For details: https://t.co/fMcRUupmT2
— SBP (@StateBank_Pak) June 24, 2020
2/2 On cumulative basis, the CAD has narrowed by 73.6 percent to $3.3 bn during Jul-May FY20 from $12.5 bn during the same period last year.
— SBP (@StateBank_Pak) June 24, 2020
The SBP said that the current account deficit has been slashed by 73.6% on a cumulative basis during July-May FY2020 to $3.3 billion from a whopping $12.5 billion in the same period last year.
“On cumulative basis, the CAD has narrowed by 73.6% to $3.3 billion during Jul-May FY20 from $12.5 billion during the same period last year.”
