KARACHI, Oct 21 (APP): The Current Account Balance of Pakistan further improved in September 2024 with a surplus of US$ 119 million as compared to a surplus of US$ 29 million in August 2024, State Bank of Pakistan (SBP) reported on Monday.
Cumulatively the current account balance for July to September 2024, according to the latest SBP data, has also shown significant improvement as deficit of $98 million was recorded during the first four months of FY 2024-25 as compared to the deficit of $1.241 billion during the corresponding period of last year.
“Current Account Balance recorded a surplus of US$ 119 million in September 2024 compared to a surplus of US$ 29 million in August 2024,” said SBP adding that cumulatively for Jul-Sep FY25, the CAB improved significantly; recording a deficit of only $98 million in comparison to $1,241 million in Jul-Sep FY24.
According to SBP figures, the merchandize trade deficit during July-September (2024-25) was recorded at $6,723 million as compared to the deficit of $5,336 million in July-September (2023-24).
The balance on trade in goods in the month of September 24 has recorded a deficit of $2,046 million. The trade deficit in the August 2024 was recorded as $2,232 million while in September 2023 the trade deficit was $1,490 million, the data shown.
Likewise, the services’ trade deficit was recorded at $699 million during July-September FY2024-25 as compared to the deficit of $895 million during the corresponding period of last year.
The overall trade deficit in goods and services was recorded at $7,422 million during the first four months of the current fiscal year compared to the deficit of $,6,231 million during corresponding period of the previous fiscal year.
Meanwhile, the balance on primary income recorded a deficit of $1,991 million during July-September 2024-25 against $-1,688 million of the corresponding period last fiscal year, the SBP data stated and added that Balance on Secondary Income during Jul-Sep 25 was recorded as $9,315 million against $6,678 million of same period of the previous fiscal year.
