Macro Analysis /

Pakistan: Reasonable CAD despite oil payments; energy conservation is imperative

  • Current account deficit halved to USD1.2bn in July despite hefty oil payments, as PKR deval moderated imports

  • Remittances have shown steady movement barring Eid related seasonal flows from previous month

  • Adherence to the re-tracked Fund programme is imperative alongside administrative energy conservation

Wajid Rizvi
Intermarket Securities
24 August 2022


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