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Mettis Global News
Mettis Global News
Mettis Global News

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CAD narrows to $276mn in November

Trade deficit surges by 2.47x MoM in May
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December 17, 2022 (MLN): Pakistan's Current Account Deficit (CAD) shrank $276 million in November 2022, down by 51.5% MoM compared to $569mn in October 2022 while on yearly basis, it slumped by 85% YoY, the latest data issued by the central bank reported. 

Cumulatively, during Jul-Nov22 it has contracted by more than half to $3.1 billion against $7.2bn in Jul-Nov21, with imports falling by $4.8bn (-16%) and exports broadly unchanged.

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Posted on: 2022-12-17T10:03:41+05:00