business

March 23, 2021

Current account posts $881mln surplus in July-February

KARACHI: Pakistan’s current account posted a surplus of $881 million during the first eight months of the current fiscal year of 2020/21 as against a deficit of $2.7 billion a year earlier, the central bank reported on Sunday, as growing remittances and foreign debt inflows counterweighed the impact of widening trade deficit. “Surplus in current account is helped by a continuous strong growth in workers’ remittances and a sustained recovery in exports since November 2020 in year-on-year...