Macro Analysis /

Pakistan Economy - May 2022 Balance of Payment update

  • Pakistan’s CAD print for May has more than doubled to US$1.4bn after trade deficit expanded on declining exports.

  • Remittances took significant hit and declined 25% mom to US$2.3bn in May from all-time high remittance of US$3.1bn.

  • SBP Reserves have nearly halved since December 2021 and provide an import cover 1.5 months to US$9.7

Wajid Rizvi
Rahul Hans
Intermarket Securities
29 June 2022


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