Tag: current account surplus
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Pakistan’s current account sees $119 million surplus in September
Pakistan’s current account saw a surplus of $119 million in September 2024, a notable improvement from the $218 million deficit in the same month last year, according to data from the State Bank of Pakistan (SBP).
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Remittances boost Pakistan’s current account, August surplus ends deficit streak
Pakistan’s current account, after witnessing three straight months of deficit, recorded a slight surplus in August 2024.
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Pakistan records $397 million current account surplus as exports, remittances increase
In December 2023, Pakistan’s current account exhibited a noteworthy surplus of $397 million, a stark departure from the $15 million deficit recorded in November, as reported by the State Bank of Pakistan (SBP) on Wednesday.
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Gold price in Pakistan surpasses Rs217,000 per tola
In Monday’s trading session, the price of 24-karat gold witnessed a surge, with a per-tola increase of Rs 400, reaching Rs217,200.
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Pakistan’s current account records first surplus since June 2023
In a noteworthy turnaround, Pakistan’s current account, after four consecutive months of deficits, revealed a surplus of $9 million.
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Pakistan’s current account records $18 million surplus in April due to import reductions
Pakistan’s current account recorded a surplus for the second consecutive month in April, with analysts attributing this development to a reduction in imports resulting from administrative measures. Data released by the State Bank of Pakistan (SBP) on Tuesday revealed that the country achieved a surplus of $18 million this month, compared to a current account…
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Overseas Pakistanis send home remittances worth $2.5 billion, marking a seven-month high
According to data from the State Bank of Pakistan (SBP), remittances sent by overseas Pakistanis to their home country hit a seven-month high of $2.5 billion in March, which is attributed to Ramadan and Eid-ul-Fitr. Compared to the prior month of February, the inflow of workers’ remittances increased by 27 per cent, but it was…