AUGAF
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
AUGAF
No Result
View All Result
Home Business

Pakistan Reported Current Account Surplus of $334 Million in June

admin-augaf by admin-augaf
July 18, 2023
in Business, Finance
Reading Time: 2 mins read
0
Pakistan Reported Current Account Surplus of $334 Million in June
Share on FacebookShare on TwitterWhatsapp

Karachi July 18 2023: Pakistan Current Account Balance (CAB) increase to USD 334 million surplus in June 2023 from surplus of USD 220 million in May 2023, according to data released by State Bank of Pakistan.

Cumulatively CAD reduced to USD 2.55 billion in FY23 against a deficit of USD 17.48 billion during the same period last year.

Country goods imports increased to USD 3.2 billion in June 2023 compared with USD 3.8 billion in previous month. Moreover, good exports were decreased to USD 2.1 billion in June 2023 from USD 2.6 billion in the previous month this year.

Cumulatively, goods imports decreased by 27 percent to USD 51.9 billion while goods exports decreased by 14 percent to USD 27.9 billion.

Pakistan workers’ remittances recorded an inflow of USD 27.0 billion during fiscal year 2023, according to State Bank of Pakistan.

Workers’ remittances recorded an inflow of USD 2.2 billion during June 2023, which is 22 percent lower than that of corresponding period last year.

In terms of growth, during June 2023, remittances increased by 4 percent on m/m and decreased by 22 percent on y/y basis.

With cumulative inflows of USD 27.0 billion during FY23, workers’ remittances decreased by 13.6 percent as compared to last year

Remittances inflow during fiscal year 2023 was mainly sourced from Saudi Arabia (USD 6.4 billion down 17 percent), United Arab Emirates (USD 4.6 billion down 20 percent), United Kingdom (USD 4.1 billion down 10 percent) and United States of America (USD 3.1 billion increased by 0.1 percent).

Tags: Current Deficit
admin-augaf

admin-augaf

Related Posts

Sazgar awarded Category-A Green filed Status
Business

Sazgar Haval Sales Dropped 42% in April 2025

May 12, 2025
New Trump Travel Ban Could Bar Afghans, Pakistanis Soon – Reuters
Business

US and China Agrees to Lower Tariffs for 90 Days

May 12, 2025
Virat Kohli Steps down As Indian Test Captain: ICC
Business

Era Over as Virat Kohli Retires from Test Cricket

May 12, 2025
Fair Global Consult Fair Global Consult Fair Global Consult
ADVERTISEMENT

Recent News

Sazgar awarded Category-A Green filed Status

Sazgar Haval Sales Dropped 42% in April 2025

May 12, 2025
New Trump Travel Ban Could Bar Afghans, Pakistanis Soon – Reuters

US and China Agrees to Lower Tariffs for 90 Days

May 12, 2025
Virat Kohli Steps down As Indian Test Captain: ICC

Era Over as Virat Kohli Retires from Test Cricket

May 12, 2025
Oil Prices Fall After Iran Attack As Market Draws Down Risk Premium

Oil Prices Jump Over 3% on US-China Tariff Reductions

May 12, 2025
SHIFA Hospital profitability to Increase after addition of new Facilities: Insight Securities

Shifa International Hospitals to Acquire Full Ownership of Shifa Islamabad Medical Centre

May 12, 2025

Popular News

  • NSS

    President Prohibit National Savings For Changing Rates on Existing Certificates Retrospectively

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Appreciate against Dollar in Interbank as IMF Confirmed Board Review Date

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Fall After 13 Days of Successive Gains against Dollar on Lower Remittances and Strengthening of US Dollar

    0 shares
    Share 0 Tweet 0
  • Petrol Prices in Pakistan to Return to July 2023 Levels

    0 shares
    Share 0 Tweet 0
  • Pakistan Central Bank Issued Show Cause Notice to Eight Banks Over Currency Speculation

    0 shares
    Share 0 Tweet 0

Categories

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology
AUGAF Logo

Follow us on social media:

Recent News

  • Sazgar Haval Sales Dropped 42% in April 2025
  • US and China Agrees to Lower Tariffs for 90 Days
  • Era Over as Virat Kohli Retires from Test Cricket

Category

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology

Recent News

Sazgar awarded Category-A Green filed Status

Sazgar Haval Sales Dropped 42% in April 2025

May 12, 2025
New Trump Travel Ban Could Bar Afghans, Pakistanis Soon – Reuters

US and China Agrees to Lower Tariffs for 90 Days

May 12, 2025
  • Home
  • Politics
  • News
  • Business
  • National
  • Finance
  • Technology
  • International

© 2021 AUGAF.

No Result
View All Result
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • Commodities
  • Contact

© 2021 AUGAF.