Current Account balance for Jul – Oct reaches -5 billion

MG News | November 20, 2017 at 05:25 PM GMT+05:00

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According to latest State Bank data, Current Account balance for Jul – Oct FY '18 reaches -5 billion up from -2.25 billion during the same period last year.

The SBP data revealed for the July – October period revealed a -11.399 billion deficit between exports and imports. Total Exports for the Goods and Services during the period clocked in at 9.319 billion, however, the imports for goods and services reached 20.718 billion, almost double the amount of exports.

The deficit continues to widen during the last few years.

Goods & Services
	Oct	Jul - Oct
FY 18	FY 18	FY 17
Goods and Services Balance (A-B)	-2,878	-11,399	-8,429
Goods - Export (FOB)	1,980	7,656	6,878
Export of Services	400	1,663	1,598
Exports of Goods and Services	2,380	9,319	8,476

Goods - Import (FOB)	4,442	17,395	13,776
Imports of Services	813	3,323	3,129
Imports of Goods & Services	5,258	20,718	16,905

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