Karachi August 24, 2022: The current account deficit shrank to $1.2bn in July 2022 from $2.2bn in June 2022, largely reflecting a sharp decline in energy imports and continued moderation in other imports.
"The narrower deficit is the result of wide-ranging measures taken in recent months to moderate growth and contain imports, including tight monetary policy, fiscal consolidation, and some temporary administrative measures," says SBP