TheTruth_News
SBP reports a current account surplus for the second consecutive month in March 2023, but it falls to $18 million
The State Bank of Pakistan today released the latest balance of payment position, showing the current account surplus for the second consecutive month in March 2023.
The current account surplus, however, has shrunk to a mere US$18 million in March 2023 as against US$484 million in Feb 2023.
The CAD for the first nine months of the ongoing fiscal year, July 2022 to March 2023, fell to $3.54 billion, from $13.94 billion in the corresponding period of the last financial year. Thus, in the US dollar, the CAD has declined by more than $10.4 billion during July-March FY2023.