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Current Account & Remittances Stayed High Between July-March

foreign reserves rupee

Dawn

The current account between July and March in the fiscal year 2020-2021 (FY21) remained in surplus, the State Bank of Pakistan (SBP) reported.

Although the current account in March fell in the deficit territory at $47 million.

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However, the overall figure during the first nine months was recorded to be in surplus. The current account displayed a surplus of $959 million.

During the corresponding period last year, the current account was in a deficit of $4.14 billion.

The country’s exports stood at $18.7 billion between July and March FY21. During the same period, the imports were recorded at $37.3 billion.

Pakistani expatriates sent remittances worth $21.46 billion during the first nine months of the fiscal year.

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