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December Witnessed Pakistan’s Account Deficits Widened to $1.93bn

In December, Pakistan’s account deficit increased from $629 million the previous year to $1.93 billion. It is also a significant increase compared to November when the deficit was $1.89 billion.

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According to the statistics provided by the State Bank of Pakistan (SBP), this significant increase in the state deficit could be linked to the trade shock that occurred during the current economic recovery.

Read: Steel Rates Increased Due to Raw Material Scarcity, Supply-Chain Disruption

The July-December 2021 current account deficit was $9.09 billion, compared to a $1.25 billion surplus during the same period in the previous year.

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