business

June 18, 2025

Current account turns negative in May as imports rise

Packs of freshly printed $20 notes are processed for bundling and packaging at the US Treasury's Bureau of Engraving and Printing in Washington, DC July 20, 2018. — AFPKARACHI: Pakistan’s current account fell into deficit in May, reversing the small surplus posted in the previous month as higher imports offset the rise in remittances.The current account turned into a $103 million deficit in May from a $47 million surplus in April, data released by the State Bank of Pakistan showed on...