Karachi June 28 2022: The current account deficit (CAD) rose to $1.4bn in May, according to data published by State Bank of Pakistan.
While overall imports fell compared to April, a decline in remittances and exports on account of Eid holidays contributed to this rise.
Moreover, excluding in kind imports that are fully financed and thus do not undermine sustainability of the CAD, the deficit was more modest at $1bn.
