Pakistan's CAD down to $3.4 bln from $13 bln Y/Y - c.bank

ISLAMABAD, April 19 (Reuters) - Pakistan's Current Account Deficit (CAD) has reduced to $3.4 billion in July-March of current fiscal year down from $13 billion for the same period last year, the country's central bank said.

The bank's statement said the CAD recorded $654 million
surplus in March, 2023 against a deficit of $36 million previous month.

The CAD has contracted due to stringent import restrictions the South Asian economy has placed for months to avert a balance of payment crisis owing to shrinking foreign exchange reserves held by the bank, which is barely enough to cover a month of controlled imports.

(Reporting by Asif Shahzad, Editing by Louise Heavens)

Reuters

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

off-the-wire

Pakistan's CAD down to $3.4 bln from $13 bln Y/Y - c.bank

By Reuters

Reuters

Reuters

Gold is never going back to $2,000: 'That's history,' prices to 3x from here – Peter Schiff

Solid price gains for gold, silver after busy news weekend

‘Biggest economic shift since Nixon’: Major U.S. monetary policy changes coming in 12-36 months – Jack Mallers

India joins South Africa in denying BRICS currency plans after Trump’s 100% tariff threat

Silver prices breach $32/oz as bullish technicals and fundamentals suggest potential breakout

off-the-wire

Pakistan&apos;s CAD down to $3.4 bln from $13 bln Y/Y - c.bank

By Reuters

Reuters

Reuters

Pakistan's CAD down to $3.4 bln from $13 bln Y/Y - c.bank