Its current account balance stayed in surplus - meaning government’s foreign income exceeds its expenditures - for the fifth successive month in November at $447 million. Current account surplus again in November: $447 million. Pakistan has never before seen its current account balance in surplus for five successive months,” Pak-Kuwait Investment Company (PKIC) Head of Research Samiullah Tariq said while talking to The Express Tribune. “Such developments suggest…Pakistan’s current account balance is likely to remain at around zero for the full current fiscal year,” Tariq said. He said the country had recorded current account surplus of $1.6 billion in the first five months (Jul-Nov) of current fiscal year.

Source: The Express Tribune December 23, 2020 03:11 UTC