According to the State Bank of Pakistan, the current account deficit in October was 567 million dollars, compared to September 2022, the October deficit is 56% more.
The statement of SBP stated that the current account deficit for the first four months of this financial year was 2.82 billion dollars, the deficit for the four months of this financial year is 46% less than the first four months of the last financial year, last financial year July. The ongoing deficit from July to October was 5.30 billion dollars, the trade deficit from July to October was 10.79 billion dollars.
According to the central bank, the current account deficit has been reduced due to the decrease in imports. Domestic imports from July to October were 20 billion 61 million dollars, while the imports of the four months of the previous financial year were 23 billion 32 million dollars. Exports for the four months rose 2.61 percent to $9.82 billion, down 11 percent from the same period last year.
