After a gap of more than four years, Pakistan posted $99 million current account surplus in October. The latest data released by State Bank of Pakistan (SBP) showed recovery from long prevailing deficits, but four-month current account position still showed a deficit of $1.5 billion. Current account deficit in last fiscal year, clocked in at $12.75bn, down 36 per cent from record-high $19.9bn in FY18.
During the cumulative July-Oct period, the current account deficit reached to $1.474bn compared to $5.6bn last year. The deficit sharply reduced in the last four months reflecting significant improvement on the economy’s external front.