Karachi August 20 2021: Current Account Balance (CAB) posted a deficit of USD 773 million in July 2021 compared to a deficit of USD 1.6 billion in June 2021.
This deficit is in line with SBP’s expectations of a current account deficit of 2-3 percent of GDP as economic activity continued to progress.
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Despite the recent increase in Current Account Deficit (CAD), SBP’s foreign reserves position continued to strengthen on monthly basis. This is in contrast to past trends and is supported by country’s market-based exchange rate system.
