Macro Analysis /
Pakistan

Pakistan: Current account deficit grew in April, but dwarfed by eurobond inflows

  • Pakistan’s had a C/A deficit of US$200mn in April 2021 but 10MFY21 C/A balance remained green

  • Exports declined sharply mom, but remittances rose to a record level ahead of Eid in May

  • Eurobond inflow of US$2.5bn took SBP’s Fx reserves to the highest level since June 2017

Saad Ali
Saad Ali

Head of Research

Intermarket Securities
25 May 2021