Exports recorded a monthly high of US$3.1bn in April 2022

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During the month of April 2022, Pakistan Current Account Deficit (CAD) clocked in at US$623mn improving from US$1bn last month led by 10% MoM reduction in trade deficit to US$2.8bn in April 2022.

Exports recorded a monthly high of US$3.1bn in April 2022, up 3% MoM whereas imports were down 4% to US$6bn.

Pakistan foreign exchange reserves of the country continued to decline due to CAD and debt repayments as it clocked in at US$16.5bn in April 2022 vs. US$17.4bn in March 2022.

Inflationary pressure in the system continued owing to higher commodity and food prices as CPI inflation clocked in at 13.4% in April 2022 vs. 12.7% in March 2022.

Fiscal deficit during the quarter cocked in at 1.86% (1.52% of GDP in 2QFY22) of the GDP due to lower revenue collection and higher expenditure. Pakistan’s total debt & liabilities in 3QFY22 clocked in at 83.5% vs. 84.5% in 2QFY22 & 85.0% in 3QFY21.

Courtesy- Topline Securities

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