Current Account in Pakistan
Pakistan - Current AccountThe 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
|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||11.00||0.0 %||Jan 01|
|Exchange Rate||154.9||-0.05 %||Jan 01|
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