KARACHI: Pakistan’s current account deficit widened by 46.65 percent MoM to stand at $1.66 billion in October 2021 from $1.13bn in September 2021.
According to the latest data released by the State Bank of Pakistan (SBP), high energy prices also kept the import bill elevated despite a downtick in non-energy imports.
However, in the same month last year, the country’s current account posted a surplus of $448 million.
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During the four months (July-October) of the ongoing fiscal year 2021-22, the current account witnessed a deficit of around $5.084 billion against a surplus of $1.313 billion in the corresponding period last year.