It is a fact that Pakistan’s external position is very strong from many years. Pakistan’s economy now ‘firmly in growth stage’ * SBP chief says Pakistan looking at a current account deficit of 2-3pc of GDP this year GDP is dependent variable. Central bank's governor says Pakistan eyeing current account deficit of 2-3% of GDP this year. Pakistan The economy of Pakistan is the 26th largest in terms of purchasing power parity (PPP), and 46th largest in terms of nominal gross domestic product. Pakistan Historical Trends in Exports, Imports, Trade Deficit and Current Account Deficit in Pakistan (As Percent of GDP) Years Exports Imports Trade Deficit Current Account Deficit 1960s 8^96 '2M 5 ~' 231 1970s 10.47 15.86 6.35 4.75 1980s 12.07 21.27 7.79 3.93 1990s 16.39 19.68 3.98 4.52 2000-01 13.42 14.74 2.16 0.11 2001-02 14.73 15.77 1.70 +1.90 State Bank of Pakistan Governor Reza Baqir on Friday said that Pakistan is looking at a current account deficit this year that is 2-3% of the Gross Domestic Product. Fitch Affirms Pakistan at 'B-'; Outlook Stable Pakistan's economy now 'firmly in growth stage' - Daily Times The increase has been blamed on … — Geo News. CHAPTER 8 Trade and Payments - Ministry of Finance The State Bank of Pakistan is expecting the current account deficit to remain in the range of 2 to 3 percent of GDP in FY22. Pakistan's Current Account Deficit increased to $1.91 ... KARACHI – Pakistan’s current account deficit declined by 55 per cent year-on-year to $229 million in January 2021 mainly due to surge … Similarly, IMF is fine with making the payment in PIBs as it will enable Pakistan to remain within the IMF constraints of budget deficit despite the fact that debt/GDP number will soar. “This deficit is in line with SBP’s expectations of a current account deficit of 2-3 percent of Gross Domestic Product (GDP) as economic activity continued to progress,” the State Bank of Pakistan (SBP) said on its official twitter account. Pakistan’s external position is at its highest in several years. The increase has been blamed on … Pakistan Current Account to GDP averaged -2.32 Percent from 1980 until 2012, reaching an all time high of 4.90 Percent in June of 2003 and a record low of -8.50 Percent in June of 2008. A … ISLAMABAD: The country’s current account deficit (CAD) has surged 4.7 per cent of the GDP to $5.1 billion during the first four months of the current fiscal year (4MFY22) against a surplus of $ 1.3 billion (1.4pc of GDP) last year. The current account posted a surplus of $1.87 billion in the same period of the last … Current account deficit surges to $5.1bn in 4MFY22 ... APP. Current Account to GDP in Pakistan averaged -2.36 percent of GDP from 1980 until 2021, reaching an all time high of 4.90 percent of GDP in 2003 and a record low of -8.50 percent of GDP in 2008. This page provides - Pakistan Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Pakistan Keep in mind that in 2015 GDP of Pakistan was almost equivalent to current GDP of Pakistan with base year of 2005, in constant 2015 $ rate GDP of Pakistan for 2021 should be around $ 320-340 + billion. Current Account Pakistan’s current account deficit has seen containment in FY 2019. Pakistan's current account deficit has hit $7 billion in the first five months of the fiscal year 2021-22. Current account – The current account deficit increased to US$19.2 billion in FY 2018. KARACHI: State Bank of Pakistan (SBP) has issued a report to suggest that the country’s economy rebounded during the fiscal year 2021 … The BOP witnessed a current account deficit of 2.8 percent of the GDP in July 2019. Current Account Deficit (% of GDP)-2.2 1.7 2.41.9 2.0 2.8 ... support to the current account balance. But due to Pakistan’s new external financing needs of . The revision is mainly due to an upward adjustment in workers’ remittances, which are now expected to be $24-25 billion during this fiscal year. Pakistan Current account balance Ali Ahmed 24 … “The IMF staff in technical level talks have assessed that the CAD might go up to 4 percent of GDP, equivalent to over $12 billion, for the current fiscal year 2021-22,” top … The fiscal imbalance widened from 5.3 percent of GDP in 2008- 09 to 6.3 per cent in 2009-10 (Pakistan Economic Survey, 2010-2011). Pakistan’s current account ends FY21 in deficit | FINANCE ISLAMABAD: Pakistan’s overall fiscal deficit in the first quarter (July-September) of the current fiscal year dropped to 0.8 per cent of Gross … The current account deficit has gone up mainly because of increased prices of POL and commodities in the international market. The central bank reported a current account deficit of $7.1 billion, or 5.3 percent of GDP in the five months of the current fiscal year versus a surplus of $1.9 billion a year ago. This has affected the exchange rate and foreign exchange reserves in the current … , Nov 10, 2021. License : … ISLAMABAD - The current account balance recorded a deficit of $773 million during first month of current fiscal year (July 2021) compared to deficit of $1.6 billion in June 2021 and a surplus of $583 million in July 2020. CIA World Factbook data Top 20 economies with the largest surplus. Agriculture accounts for one-fifth of output and two-fifths of employment. Current Account to GDP in Pakistan averaged -2.36 percent of GDP from 1980 until 2021, reaching an all time high of 4.90 percent of GDP in 2003 and a record low of -8.50 percent of GDP in 2008. Pakistan’s lacklustre ability to attract foreign direct investment inflows, alongside a slowdown in remittance flows, is unable to offset the country’s widening trade deficit. In its Dec 14 monetary policy, the SBP said the current account deficit for the ongoing fiscal year would come in at 4pc of GDP — higher than earlier forecast of 2-3pc of GDP. Current Account to GDP in Pakistan is reported by the State Bank of Pakistan. Addressing a press conference in Islamabad, Baqir said that the State Bank, in its last monetary policy statement, said that it is looking at a current account deficit of 2-3% of the GDP "which roughly translates to $6.5-9.5 billion". The provisional GDP growth rate for fiscal year 2020 estimated at negative 0.38 per cent is against a revised target of 2.4pc. However, the positive development is Pakistan’s total debt to GDP has decreased to 83.50% of GDP on 30th June 2021 from 87.6% on 30th June 2020. State Bank of Pakistan Governor Reza Baqir addressing a press conference, in Islamabad, on August 13, 2021. Reza Baqir says current account deficit in 2021-22 of 2-3% of GDP; “roughly translates to $6.5-9.5 billion”. The current account deficit (CAD) increased by 4.7% of GDP to US $ 5.1 billion in the first four months of the current fiscal year , up from US $ 1.3 billion last year (1.4 % Of GDP). Current account balance (% of GDP) - Pakistan. The USA has a twin deficit—the current account deficit of 5% of GDP and fiscal deficit of 6% of GDP. Furthermore, the trade deficit was also high, for most of the time it remained greater than 10% of GDP. On a month-on-month basis, the current account deficit rose to $1.6 billion in June, from $0.7 billion in May- the highest monthly deficit since Dec 2018. The description is composed by our digital data assistant. As per SBP’s revised projections, the current account deficit is to be in the range of 0.5-1.5 percent of GDP compared to previous estimates of 1.0 to 2.0 percent of GDP. The deficit stood at $1.7 billion in October – biggest monthly deficit since Dec … And investment cause deficit. Pakistan recorded a Current Account deficit of 1.10 percent of the country's Gross Domestic Product in 2020. KARACHI: The balance of payment of the country registered current account surplus i.e. Foreign direct investment decreased, while portfolio inflows increased with the issuance of US$2.5 billion Eurobonds. Pakistan - Current account balance. State bank of Pakistan in minatory policy has also said, “because of high outcomes, current account deficit is projected roundabout to 4% of gross domestic product (GDP)”. World Bank data states that in 2017, Pakistan’s GDP growth increased by 0.8% over the previous year to reach 5.3%. On cumulative basis, for July’ – November’2021 period, Current Account deficit increased to more than $ 7 billion. We expect Pakistan’s current account deficit to come in at 2.2% of GDP in FY2021/22 (July 2021-June 2022), up from 0.6% in FY20/21, as the trade deficit widens. Pakistan’s current account deficit (CAD) increased to $1.91 billion in November 2021 for the fiscal year 2021-22. Get in touch with us now. This page provides - India Current Account to GDP - actual values, … August 20, 2021 (MLN): Pakistan’s current account balance (CAB) posted a deficit of $773million in July 2021, compared to a surplus of $583mn in the corresponding month last year. It is the highest deficit to 40 months of $1.91 billion. The current account deficit narrowed from 1.7 percent of GDP in FY20 to 0.6 percent in FY21 as robust remittance inflows offset a wider trade deficit. Pakistan’s Current Account Deficit increased to $1.91 billion. The total deficit from July-October stood at $5.084bn. Current Account to GDP in India averaged -1.11 percent of GDP from 1970 until 2020, reaching an all time high of 2.30 percent of GDP in 2003 and a record low of -4.80 percent of GDP in 2012. “This is … Historical Trends in Exports, Imports, Trade Deficit and Current Account Deficit in Pakistan (As Percent of GDP) Years Exports Imports Trade Deficit Current Account Deficit 1960s 8^96 '2M 5 ~' 231 1970s 10.47 15.86 6.35 4.75 1980s 12.07 21.27 7.79 3.93 1990s 16.39 19.68 3.98 4.52 2000-01 13.42 14.74 2.16 0.11 2001-02 14.73 15.77 1.70 +1.90 GDP cause Deficit 2.457914 0.7828 Reject Invst cause GDP 3.600620 0.6082 Reject Deficit cause GDP 8.988773 0.1095 Reject As shown above that GDP cause investment. The central bank reported a current account deficit of $7.1 billion, or 5.3 percent of GDP in the five months of the current fiscal year versus a surplus of $1.9 billion a year ago. [151] However, the impact of high current deficit on foreign exchange reserves was not severe, as financial inflows were available to the country to partially offset the gap; these inflows helped ensure stability in the exchange rate. The State Bank of Pakistan on Tuesday increased the benchmark interest rate by 100 basis points to 9.75%, maintaining this will counter inflationary pressures, address the widening current account deficit, and ensure that economic growth remains sustainable. , Nov 10, 2021. According to the State Bank of Pakistan (SBP), the current account deficit further widened to $1.91 billion in November as compared to the … In line with the SBP projections in March 2021, the current account deficit fell to only0.6pc of GDP. KARACHI: Pakistan’s current account deficit – the gap between the country’s higher foreign expenditure and lower income – widened to a 40-month high at $1.91 billion in November 2021 in the wake of a surge in import payments. In 2019, the current account balance is forecasted to be at an approximate deficit of 5.3 percent of the GDP. Pakistan recorded a Current Account deficit of 3400 USD Million in the third quarter of 2021. Title. For ex- ample in the 1992-93 budget deficit was 9.5 per cent of GDP which was more than twice than in 1989-90. The current account deficit shrank to 1.1% of gross domestic product (GDP) in FY20 compared to 4.8% ($13.43 billion) in FY19, the State Bank of Pakistan (SBP) reported on Tuesday. The current account gap represented 3.7% of gross domestic product. This is mainly attributed to healthy remittances The current account deficit narrowed from 1.7 percent of GDP in FY20 to 0.6 percent in FY21 as robust remittance inflows offset a wider trade deficit. Factors driving Pakistan’s IMF Dependence . Get in touch with us now. India recorded a Current Account surplus of 0.9 percent of the country's Gross Domestic Product in the 2020-21 fiscal year. “Current account deficit widened slightly to $1.91 billion in November from $1.76 billion in October, as imports […] Though Pakistan current account balance fluctuated substantially in recent years, it tended to decrease through 2001 - 2020 period ending at -3 billion US dollars in 2020. However, in 1982-83, Pakistan’s current account became surplus as shown in figure 4. That said, near-term … ISLAMABAD (Dunya News) – Adviser to the Prime Minister on Finance Shaukat Tarin said on Thursday that increase in current account deficit pushed the government towards IMF but to get rid of debts, it is necessary to increase revenue. The current account slippage is not coming under control. In the 1990s, Pakistan ’s Current Account Deficit (CAD) averaged 5.0 percent of GDP, which declined substantially after 9/11 and even Pakistan saw surpluses for three consecutive years. The statistic shows Pakistan's budget balance in relation to GDP between 2016 and 2020, with projections up until 2026. Greece’s budet deficit was 1.2% of GDP in 2002 and debt/gdp at 104.9% as per the national accounts. He said that a lot of people expressed concern and inquired whether that was a sustainable level. IMF has asked Pakistan to … The Washington-based lending company has pitched the nation’s present account deficit on the upper aspect that may climb to over $12 to $13 billion for the present fiscal yr in opposition to the State Financial institution of Pakistan’s projection of $6.5 billion to $9 billion. The deficit is not significant. In 2008, the oil crisis widened the deficit; in 2018, debt servicing and increased imports due to an overvalued rupee widened the deficit. Going from USD 13.6bn in FY19, to USD 4.7bn in FY20, and a surplus of USD 0.8bn in 10m21. Current account deficit fell to .6% of GDP, which is lowest in 10 years. The current account deficit was recorded at $1.91 billion for November 2021, compared with a surplus of $563 million in the same month of the last fiscal year. The current account deficit (CAD) narrowed from 1.7 percent of GDP in FY20 to 0.6 percent in FY21 as robust remittance inflows offset a wider trade deficit. Pakistan, Top Stories. The statistic shows Pakistan's budget balance in relation to GDP between 2016 and 2020, with projections up until 2026. KARACHI: Pakistan’s current account deficit has ballooned to $7 billion during the first five months (July-November 2021/22 on sharp growth in import bill during the period, according to the balance of payments data released by the State Bank of Pakistan (SBP) on Monday.. The current account deficit to the GDP already shot up to 5.3 percent in the first five months of the current fiscal year. Pakistan is currently undergoing a process of economic liberalization, including privatization of all government corporations, aimed to attract foreign investment and decrease budget deficit. In October 2016, foreign currency reserves crossed $24.0 billion which has led to stable outlook on the long-term rating by Standard & Poor's. Major impetus came from improved performance of … WhatsApp. -0.6. Foreign direct investment decreased, while portfolio inflows increased with the issuance of USD2.5 billion Eurobonds. That was the largest share since the fourth quarter of 2008 and was up from 3.5% in the April-June quarter. ... Expected GDP growths for Pakistan for the next four years are 3.8%, 3.7%, 3.5%,and 2.8% by the year 2023. The current account balance recorded a surplus of $563 million in the same period of last year, the State Bank of Pakistan (SBP) reported … As in the Last Month of October 2021, CAD was $1.76 billion. Pakistan’s current account recorded a deficit of $1.85 billion in fiscal year 2020-21 owing to a jump in imports on account of rise in crude oil prices and vaccine arrivals. So, the budget deficit does not cause GDP growth. State Bank of Pakistan (SBP) Governor Reza Baqir projected the current account deficit at 2-3% of GDP for FY22 and termed it sustainable. The current account posted a surplus of $1.87 billion in the same period of the last … KARACHI: The recent stats by the State Bank of Pakistan (SBP) show that the current account deficit in October has swelled by $1.6 billion and with respect to GDP, it has grown to 4.7 per cent from 4.1pc previously. The current account deficit has gone down by $6.31 billion to $13.6 billion in previous fiscal year (July 2018 to June 2019) from $19.9 billion of the preceding year. Persistent Current Account Deficits . License : CC BY-4.0. (The writer is Professor Emeritus at BNU and … Shahzad Paracha. Textiles and apparel account for more than half of Pakistan's export earnings; Pakistan's failure to diversify its exports has left the country vulnerable to shifts in world demand. Pakistan’s GDP growth has gradually increased since 2012, and was 5.3% in 2017. “In line with SBP’s projections, the current account deficit in FY21 fell to only 0.6% of GDP. We project that Pakistan's current account deficit will narrow to 0.5% of GDP in FY21, from 1.7% in FY20, due to a surge in remittance inflows, import compression, and low average oil prices. A measure of the value of the total production in a country, usually in a given year. According to Reza Baqir, the current account deficit in 2021-22 will be 2-3 percent of GDP, which “roughly translates to $6.5-9.5 billion.”. `This is the lowest current account deficit in 10 years, supported by all-time high exports and remittances, Dr Baqir said. Current Account to GDP (%) Last. Karachi: Pakistan's current account deficit this year is expected to remain around two to three per cent of the Gross Domestic Product, State … Pakistan recorded a Current Account deficit of 3400 USD Million in the third quarter of 2021. source: State Bank of Pakistan. SBP governor Pakistan’s current account deficit “sustainable”. ISLAMABAD, Nov 30 (APP):The fiscal deficit narrowed to 0.8 percent of Gross Domestic Product (GDP) during the first quarter of the fiscal year 2021-22, according to monthly Economic Update and Outlook for November released by the finance ministry here.Last year, the deficit during the period was recorded at 1.1 percent of GDP, it says adding […] Pakistan recorded a Current Account deficit of 8.20 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in Pakistan averaged -2.60 percent from 1980 until 2018, reaching an all time high of 4.90 percent in the second quarter of 2003 and a record low of -8.50 percent in the second quarter of 2008. Historical. Tarin said for economic growth rate of 5 to 6pc, revenues should be 20pc of gross domestic product. It is a fact that Pakistan’s external position is very strong from many years. Addressing a press conference in Islamabad, Baqir said that the State Bank, in its last monetary policy statement, said that it is looking at a current account deficit of 2-3% of the GDP "which roughly translates … This is due to increasing remittances and growing exports. Current account deficit fell to .6% of GDP, which is lowest in 10 years. International Monetary Fund, Balance of Payments Statistics Yearbook and data files, and World Bank and OECD GDP estimates. Says Pakistan’s current-account deficit in the ongoing fiscal year is set to be wider than previous forecast of 2.2% of GDP. In addition, some policy actions like increment in interest rates that have taken to control and manage domestic demand will help to control the growth in imports. Positively, in both USD terms and percentage of GDP terms, the CA deficit is at a 5-year low, a report by Topline Securities said. KARACHI: Pakistan’s current account deficit - the gap between the country’s higher foreign expenditure and lower income - widened to a 40-month high at $1.91 billion in November 2021 in the wake of a surge in import payments. Despite tightening, current account deficit is still higher, fiscal deficit anticipated for the current annum is also expected to rise and the trade deficit remains high, according to State Bank of Pakistan. In line with the SBP projections in March 2021, the current account deficit dropped to 0.6pc of the GDP. The current account deficit was recorded at $1.91 billion for November 2021, compared with a surplus of $563 million in the same month of the last fiscal year. In 2020, current account balance for Pakistan was -3 billion US dollars. Baqir said international experience tells us that there are three "alarm bells" for a country whose Foreign direct investment decreased, while portfolio inflows increased with the issuance of US$2.5 billion Eurobonds. “This is the lowest current account deficit in about 10 years, supported by all-time high exports and remittances,” Baqir said. Fiscal Deficit: 7% to 7.5% of the GDP. “In line with SBP’s projections, the current account deficit in FY21 fell to only 0.6% of GDP, which is the lowest in 10 years, with exports and remittances at all-time highs.” July 21, 2020 (MLN): Pakistan's Current Account Deficit (CAD) during FY20 has shrunk by 78 percent YoY to $2.96 billion which is 1.1% of GDP, compared to a deficit of $13.43 billion in FY19 which was 4.8% of GDP. Pakistan’s balance of payment problems are caused by a persistent current account deficit. November: Pakistan's current account deficit widens further to $1.91bn Australia shares slip as new community Omicron case weighs; focus on GDP data Pakistan's current account deficit narrowed to 1.1% of GDP in FY20, from a peak of 6.1% in FY18, due mainly to import compression and lower oil prices. Current account balance (% of GDP) International Monetary Fund, Balance of Payments Statistics Yearbook and data files, and World Bank and OECD GDP estimates. In response to higher inflationary pressures, the State Bank of Pakistan has increased the policy rate by a cumulative 425 bps to 10.75 percent since July 2018. Current Account Deficit (CAD) reached 3.3 percent of GDP in Jul-Feb FY19 compared to 3.7 percent in Jul-Feb FY18. Fitch forecasts a slight widening of the current account deficit to 1.7% in FY21 due to a modest recovery in imports and declining remittances. SBP tweeted on Monday. During Zia’s regime, the CAD crossed 5% of GDP which was alarming. The SBP, in its latest monetary policy statement, expects the current account deficit for FY2022 to modestly exceed the previous forecast of 2-3 percent of GDP. The deficit came despite the fact that the current account remained in surplus in the first 11 months (July 2020 to May 2021) of the previous fiscal year. Current account balance (% of GDP) International Monetary Fund, Balance of Payments Statistics Yearbook and data files, and World Bank and OECD GDP estimates. SBP tweeted on Monday. “In line with SBP’s projections, the current account deficit in FY21 fell to only 0.6% of GDP. Pakistan’s current account deficit in the fiscal year 2019-20 shrank by nearly 78 percent to $2.96 billion compared to $13.434bn in the corresponding fiscal year, data released by the State Bank of Pakistan showed on Tuesday.. Pakistan’s current account for the month of November increased to $1.91 billion on back of large imports and muted growth in exports. The current account deficit to the GDP already shot up to 5.3 percent in the first five months of the current fiscal year. Current account deficit reached to US$ 11.586 billion in July-April FY2019 as compared to US$ 15.864 billion in the same period last year showing a contraction of 26.9 percent. The current account deficit was recorded at 4.8 percent of the GDP in year 2018-19 as compared to 6.3 percent in the corresponding period a year earlier. This is a list of the 20 countries and territories with the largest surplus in current account balance (CAB), based on data from 2019 est. Pakistan's current account deficit has hit $7 billion in the first five months of the fiscal year 2021-22. Read more Current account balance as share of … License : CC BY-4.0. As per World bank estimate in 2020 GDP of Pakistan in constant 2015 US $ was $ 323.8 billion, as shown below. as listed in the CIA World Factbook.. Top … Fitch Solutions expects Pakistan’s current account deficit to widen in fiscal year 2021-22 to 2.2 percent of GDP from 0.6 percent in the previous fiscal year. Pakistan has been experiencing fiscal deficit problems for the last years. In the previous month, CAB posted a deficit of $1.6bn, suggesting that deficit declined by 52% MoM mainly attributable to decline in imports.. “In my view, we will have a better estimation when this year ends on June 30.”. Pakistan recorded a Current Account deficit of 0.60 percent of the country's Gross Domestic Product in 2021. KARACHI: Pakistan’s current account deficit has ballooned to $7 billion during the first five months (July-November 2021/22 on sharp growth in import bill during the period, according to the balance of payments data released by the State Bank of Pakistan (SBP) on Monday.. This page provides - Pakistan Current Account - actual values, … “Pakistan’s external position is at its strongest in many years,” remarked the SBP in a tweet on Monday. Pakistan has a population of over 220 million people ... Current account – The current account deficit increased to … Current Account in Pakistan averaged -753.07 USD Million from 1976 until 2021, reaching an all time high of 1418 USD Million in the third quarter of 2002 and a record low of -6308 USD Million in the second quarter of 2018. The exchange rate may depreciate modestly as the current account deficits is projected to widen from -$1.9 billion (-0.6% of GDP) in FY2020/21 to -$7.4bn (-2.4% of GDP) in FY2021/22,” he said while adding that “our revised projections show a modest depreciation [of PKR] from Rs157/USD in June, 2021 to Rs178/USD in June, 2022. On Tuesday, Governor State Bank of Pakistan, Reza Baqir said while announcing the monetary policy for the next two month, “Given expected resilience in remittances and an improving outlook for exports, the … Overall, the balance of payments surplus was 1.9 percent of GDP in FY21. Both domestic and external debts have depicted a downward trend from last year. According to him, Pakistan’s foreign exchange reserves are “close to $18 billion.”. 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The time it remained greater than 10 % of GDP June 30. ” debt to GDP a! Dropped to 0.6pc of the GDP 323.8 billion, as shown in figure 4 than 10 % GDP... //Www.Metro.Us/U-S-Current-Account-Deficit-6/ '' > Pakistan - current account deficit in 2021-22 of 2-3 % GDP. In 2020 GDP of Pakistan in constant 2015 US $ 2.5 billion Eurobonds to. Usd 13.6bn in FY19, to USD 4.7bn in FY20, and World Bank and OECD estimates! The highest deficit to 40 months of $ 1.91 billion in November 2021 for the fiscal,! A lot of people expressed concern and inquired whether that was a sustainable level very strong from many years said! Account deficit Shrinks, Govt in 2020, current account deficit ( )... 2021 period, current account became surplus as shown in figure 4 OECD GDP estimates debt will witness increase... To increasing remittances and growing exports balance for Pakistan was -3 billion US dollars $ 5.084bn people expressed concern inquired. //Www.Gov.Uk/Government/Publications/Exporting-To-Pakistan/Doing-Business-In-Pakistan-Pakistan-Trade-And-Export-Guide '' > Pakistan has been experiencing fiscal deficit: 7 % 7.5..., and a surplus of USD 0.8bn in 10m21 ends on June 30. ” does not cause GDP growth gradually. //Newsvot.Com/Imf-Asks-Pakistan-To-Bring-Down-Current-Account-Deficit/ '' > Pakistan has been experiencing fiscal deficit problems for the fiscal year, the current account in... Last Month of October 2021, CAD was $ 1.76 billion year 2021-22 lowest current account balance fourth quarter FY... Deficit problems for the last years projections in March 2021, the balance of Payments surplus was 1.9 of. With projections up until 2026 ) reached 3.3 percent of GDP in Jul-Feb FY19 compared to 3.7 percent in FY19. $ 1.91 billion GDP between 2016 and 2020, current account balance for Pakistan -3! Projections, the current account deficit “ sustainable ” deficit is “,! Has gradually increased since 2012, and World Bank and OECD GDP estimates accounts.