Trade & Business

Pakistan’s Current Account Surplus Rises For 4th Successive Month: SBP

KARACHI: The State Bank of Pakistan has said that in October, the current account surplus rose further to $382 million from $59 million in September, on the back of a sustained increase in remittances and smaller trade deficit.

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The SBP said that this is the fourth successive monthly surplus. Since July, the cumulative current account surplus has reached $1.2 billion, reversing the $1.4 billion deficit recorded in the same period last year.

It further said that SBP reserves have increased to US$12.93 billion as of November 13, 2020, which is the highest level since February 2, 2018. Total liquid foreign reserves held by the country rose to US$20.08 billion.

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Also Read: IMF Sees Pakistan’s Considerable Steadfast Progress, Accelerated Social Spending
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