ISLAMABAD: The current account has witnessed surplus of $619 million during the month of March 2024, State Bank of Pakistan (SBP) reported on Monday. Cumulatively the current account balance for July to March (2023-24) has improved significantly; as deficit of $0.5 billion was recorded during the period as compared to the deficit of $4.1 billion during the corresponding period of last year, according latest SBP data. “A current account surplus of $619 million has been recorded in Mar 2024. Cumulatively for Jul-Mar FY24, CAB improved significantly; recording a deficit of $0.5 billion only compared to $4.1 billion in Jul-Mar FY23,” said SBP. According to SBP figures, the merchandize trade deficit during July-March (2023-24) was recorded at $-15,757 million as compared to the deficit of $21,079 million in July-March (2022-23). Likewise, the services’ trade deficit was recorded at $-1,655 million during FY2023-24 compared to the deficit of $374 million during the corresponding period of last year. APP
