Tag Archives: CAD exceeds annual target in 1QFY22

KARACHI: The country’s current account deficit (CAD) swelled to 4.1 per cent of GDP in the first quarter exceeding the 2-3pc range projected by the State Bank of Pakistan (SBP) for 2021-22. However, the CAD narrowed 24 per cent to $1.113 billion in September from $1.473bn in the preceding month. The rising import bill kept the exchange rate under pressure …

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