UK Pound to Pakistani Rupee Rate Today- March 8, 2025
- 08-Mar-2025
The UK Pound (GBP) surged to 361.35 Pakistani Rupees (PKR) in today’s forex market, marking a significant milestone in the currency pair’s valuation. This sharp appreciation of the UK Pound against Pakistani Rupee reflects a combination of global economic dynamics, domestic policy shifts, and market sentiment. Below, we explore the reasons behind this movement and […]
Pakistan’s current account posts $162m deficit in July
- 19-Aug-2024
Pakistan has recorded a current account deficit of $162 million, the latest data issued by the State Bank of Pakistan (SBP) showed today. During July, total exports rose by 11.3% YoY to $3.01bn compared to $2.71bn in the same month of last year. While it fell 2.2% as against the exports of $3.08bn in the […]
Pakistan’s current account deficit drops to $464mn: SBP
- 21-Jun-2024
KARACHI: Pakistan’s current account deficit has seen a substantial reduction over the past 11 months, dropping by $3.3 billion to a mere $464 million, according to the State Bank of Pakistan (SBP), which is still massively lower than $3.76 billion in the same period of the previous year. This improvement attributed to a notable decrease […]
Pakistan’s economic outlook report shows reduction in remittances
- 31-Jan-2024
ISLAMABAD: The Economic Outlook report showed a reduction in Pakistan’s remittances, imports, and current account deficit in the first six months of the current financial year (July-December 2023), ARY News reported. The Finance Ministry‘s economic outlook report, however showed increase in FBR Revenues, Non-Tax Income, Growth in Investments and Foreign Exchange Reserves. As per the […]
Current account deficit down by 61pc in October
- 20-Nov-2023
The current account deficit for October 2023 widened significantly by 60.87% MoM to stand at $74 million compared to the deficit of $46m in September 2023, State Bank of Pakistan (SBP) data revealed today. On a yearly basis, the current account deficit showed an improvement of 91% YoY, as the deficit stood at $849m in […]
Pakistan’s current account deficit shrinks by $8m in Sep: SBP
- 20-Oct-2023
ISLAMABAD: Pakistan’s current account posted a deficit of $8 million in September, ARY News reported quoting the State Bank of Pakistan (SBP). According to SBP data, the deficit was lower when compared with $950 million in July 2023, the current account deficit was $ 360 million in September last year. Current Account Deficit (CAD) fell […]
Pakistan’s current account deficit clocks in at $809mn in July
- 18-Aug-2023
Pakistan’s current account posted a deficit of $809 million in July, the highest since October 2022, State Bank of Pakistan (SBP) data showed Friday. The deficit was lower when compared with $1.26 billion in July 2022, but is in stark contrast to the figure in June 2023 when the current account posted a surplus of […]
Pakistan’s CAD narrows over 80pc to $2.9bn in 11MFY23: SBP
- 20-Jun-2023
KARACHI: Pakistan’s current account deficit (CAD) fell to $2.94 billion in the 11 months of the current FY2022-2023, the State Bank of Pakistan (SBP) said on Tuesday. According to SBP data, the country’s CAD – the difference between the country’s higher foreign expenditures and low income – stood at $15.16 billion during the same period […]
Pakistan’s current account deficit shrinks to $0.4bn in Dec: SBP
- 19-Jan-2023
KARACHI: Pakistan’s current account deficit (CAD) fell to $0.4 billion in December 2022 after a whopping decline of 78%, the State Bank of Pakistan (SBP) said on Thursday. According to SBP data, the country’s CAD – the difference between the country’s higher foreign expenditures and low income – stood at $1.86 billion in the same […]
Current account deficit shrank to $0.28bn from $0.57bn: SBP
- 17-Dec-2022
KARACHI: Pakistan’s current account deficit has shrunk by over 50 per cent during the first five months of this fiscal year FY2022-23 from $0.57 billion in October to $0.28 billion in November 2022, ARY News reported on Friday. According to the State Bank of Pakistan (SBP) statistics, the current account deficit shrank to $0.28 billion […]