Pakistan’s current account deficit narrows for the third consecutive month
Pakistan’s current account deficit (CAD) narrowed to $0.3 billion in September from $0.7 billion in the previous month, the State Bank of Pakistan (SBP) said late Wednesday.
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For the first quarter of the current fiscal year (FY23), the current account deficit narrowed to US$2.2 billion compared to US$3.5 billion in the same period of the previous fiscal year (FY22), the central bank said in a tweet.
It should be noted that this is the third month in a row the country’s current account deficit has narrowed.
The September deficit is less than half the previous month’s level and just a quarter of the September 2021 level, the central bank said.
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Pakistan’s current account deficit narrows for the third consecutive month
