Current Account in Pakistan
Pakistan - Current AccountGDP growth should have eased in Q1 FY 2022 (July–September 2021), as a third wave of Covid-19 cases likely hampered economic activity, amid some partial lockdowns in place during the period. Turning to Q2 FY 2022, economic growth is likely moderating further on a less supportive base effect, but falling Covid-19 cases should be reviving economic sentiment. That said, while export growth remained upbeat in October, import growth has been on a tear in recent months—predominately due to rising commodity prices—which is translating into surging prices for fuel and food and bodes poorly for consumption activity. In other news, negotiations with the IMF over receiving USD 1 billion in funding have stalled, while the country’s USD 6 billion program with the Fund, agreed in principle at the start of the month, has yet to be rubberstamped, boding poorly for foreign investment.
Pakistan - Current Account Data
|Current Account (% of GDP)||-1.0||-1.7||-4.1||-6.3||-4.9|
5 years of economic forecasts for more than 30 economic indicators.
Pakistan Current Account Chart
Source: State Bank of Pakistan.
|Bond Yield||11.00||0.0 %||Jan 01|
|Exchange Rate||154.9||-0.05 %||Jan 01|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.