Current account balance posts $ 99Mn surplus in October

Pakistan’s Current Account Balance posted a $ 99Mn surplus in Oct’19, up from a $ 284Mn deficit in Sep’19. The Current Account surplus is the nation’s first in almost 4.5 years after witnessing a surplus of $ 518Mn in Mar’15. Current Account Deficit narrowed 74% to $ 1.47Bn in 4MFY20, from $ 5.57Bn in 4MFY19, or to 1.6% of GDP, down from 5.5% of GDP. The Current Account Deficit is projected to be at 2.5-3.5% of GDP in FY20. The decline in deficit is result of improvement in external trade.