Current Account in Pakistan
Pakistan - Current Account (billions of U.S. Dollars)The economy most certainly remained on feeble footing at the outset of FY 2020. Large-scale manufacturing contracted at a sharper rate in July–August than in Q4 FY 2019, while higher electricity tariffs, a sharp decline in remittance inflows in July–September and intensifying inflation will have pinched household spending. On a brighter note, freefalling import growth and a slow recovery in exports—largely due to the weaker rupee—helped to significantly narrow the current account balance in Q1 FY 2020, reducing external imbalances. Meanwhile, in the political arena, public protests erupted in early November demanding the resignation of Prime Minister Khan. Supported by the opposition party, the protestors allege that last year’s elections were rigged by the military and come as the government struggles to revive a flagging economy.
Pakistan - Current Account (USD bn) Data
|Current Account Balance (USD bn)||-2.5||-3.1||-2.8||-4.9||-12.6|
5 years of economic forecasts for more than 30 economic indicators.
Pakistan Current Account (USD bn) 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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