Current Account Deficit Hits $1.4 Billion In May: SBP

The State Bank of Pakistan (SBP) released data on Tuesday showing that Pakistan's current account deficit (CAD) has widened to $1.4 billion.

“The current account deficit (CAD) rose to $1.4bn in May. While overall imports fell compared to April, a decline in remittances and exports on account of Eid holidays contributed to this rise,” the statement read.

“Moreover, excluding in kind imports that are fully financed and thus do not undermine sustainability of the CAD, the deficit was more modest at $1bn,” it added.

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