Current Account in Pakistan
Pakistan - Current AccountThe economy likely capped FY 2019, which ended in June, on a sour note. Industrial production declined in April–May, while merchandise exports fell sharply throughout Q4 FY 2019. Turning to the first quarter of this fiscal year, while the IMF bailout and additional multilateral lending to the tune of USD 39 billion over the next three years should bolster the economy, it will likely only cover a portion of Pakistan’s exorbitant external financing requirements. Meanwhile, tensions between Pakistan and India escalated in recent weeks after India’s Parliament voted to remove the special status of the Muslim-dominated Jammu and Kashmir province, over which the two countries have already fought three wars. In retaliation, Pakistan has suspended all trade with India. While the economic impact at present is muted, a further escalation could hurt investor confidence and investment.
Pakistan - Current Account Data
|Current Account (% of GDP)||-1.1||-1.3||-1.0||-1.7||-4.1|
5 years of economic forecasts for more than 30 economic indicators.
Pakistan Current Account Chart
Source: State Bank of Pakistan.
|Bond Yield||13.26||0.0 %||Sep 04|
|Exchange Rate||156.8||-0.05 %||Sep 04|
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