Current Account in Pakistan

Pakistan Current Account | Economic News & Forecasts

Pakistan - Current Account

The economy was thrown a lifeline on 12 May when the government reached an agreement with the IMF to unlock a three-year, USD 6 billion loan package which will be vital to shoring up the country’s critically-low foreign reserves. The agreement comes with strict conditionality, and led the rupee to hit an all-time low against the dollar. The Fund’s prescriptions center on improving the state’s tax collection capacity, recouping costs in the energy sector and in state-owned enterprises—all in a bid to improve the fiscal position—and eventually transitioning the foreign exchange regime to a more free-floating system. As a result of full implementation of the IMF package, there should be a narrowing of the current account deficit, which remains gaping despite a marked improvement in July 2018-March 2019.

Pakistan - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-1.1  -1.3  -1.0  -1.7  -4.0  

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Pakistan Current Account Chart


Pakistan Current Account
Note: Current account balance as % of GDP.
Source: State Bank of Pakistan.

Pakistan Facts

ValueChangeDate
Bond Yield13.460.0 %May 13
Exchange Rate141.6-0.05 %May 13

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