Current Account Deficit remains surplus for second consecutive time during Aug 2020: SBP
State Bank of Pakistan (SBP) has said the Current Account Deficit remained surplus for the second consecutive time during the month of August this year.
In its tweets on Wednesday, the central bank said the current account balance cumulatively reached a surplus of 805 million dollars during the first two months of current fiscal year compared to a deficit of 1.2 billion dollars in the same period last year.
The bank said efforts to attract workers’ remittances, flexible exchange rate and relatively benign import prices explain the improving current account balance.
Source: Radio Pakistan