Macro Analysis /
Pakistan

Pakistan Economy – Balance of payments: CAD worsens to a 34-month high

  • CAD in October ballooned to a 34-month high of US$1.66bn

  • Imports were stagnant, but exports and remittances moderated a little from record levels

  • PKR has depreciated a further c.2% against the USD since the start of October to 174

Saad Ali
Saad Ali

Head of Research

Intermarket Securities
22 November 2021