Lahore: Prime Minister Imran Khan on Wednesday revealed that a current account surplus of USD 73 million had been recorded in September — with this being the third continuous month in which a surplus has been recorded during the current fiscal year, a news source reported on October 21. As per the State Bank of Pakistan, the surplus was the result of high remittances and a month-on-month rise in exports.
The PM added that Pakistan was finally headed in the right direction, as the country’s current account had registered a surplus of USD 792 million, as compared to the USD 1,492 million deficit recorded during the same period last year.
The country has additionally experienced a 29 percent growth in exports and a 9 percent rise in remittances. However, the country did experience a month-on-month increase of 8 percent in its trade deficit during September. The trade deficit had risen to USD 1.82 billion in September, as compared to the USD 1.727 billion figure recorded during August. This was mostly due to a 62 percent increase in food imports and a 21 percent rise in machinery imports.
