Pakistan’s current account deficit clocked in at $1.03 billion in March 2022, compared to $369 million recorded in the same period of the previous year, showed data released by the State Bank of Pakistan (SBP) on Saturday.
Updated figures of the SBP reveal that the current account deficit stood at $519 million in February 2022. Hence, the current account deficit for March 2022 is 98% higher on a monthly basis.
However, the SBP said a "turnaround in the current account" has continued as a deficit of $1 billion is lower than the average during FY22.