Current Account in Pakistan

Pakistan Current Account | Economic News & Forecasts

Pakistan - Current Account

The economy likely remained weak in the first quarter of FY 2020, which ran from July to September. Large-scale manufacturing contracted at a sharper rate in Q1 than in the previous quarter, while higher electricity tariffs also likely depressed household spending. Turning to the second quarter, the current account balance posted a surplus in October for the first time in roughly four years, partly thanks to stronger exports, boding well for the external sector. That said, a dip in consumer confidence and elevated inflation will likely constrain consumer spending. In other news, on 2 December, Moody’s upgraded Pakistan’s credit rating outlook from negative to stable, and affirmed its B3 rating, due to an upbeat assessment of the current account and solid progress on fiscal reforms. Moreover, on 6 December, the Asian Development Bank approved a USD 1.3 billion loan to support the domestic economy.

Pakistan - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-1.1  -1.3  -1.0  -1.7  -4.1  

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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 Yield11.000.0 %Jan 01
Exchange Rate154.9-0.05 %Jan 01

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