{"id":72944,"date":"2020-12-25T09:57:00","date_gmt":"2020-12-25T04:57:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=72944"},"modified":"2020-12-24T17:13:43","modified_gmt":"2020-12-24T12:13:43","slug":"current-account-surplus-for-5th-consecutive-month-sbp","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/current-account-surplus-for-5th-consecutive-month-sbp.html","title":{"rendered":"SBP reports current account surplus for the fifth consecutive month in FY 20"},"content":{"rendered":"\n<p>Islamabad: The State Bank of Pakistan (SBP) on Tuesday reported that the Pakistan\u2019s current account had registered a surplus for the fifth consecutive month in November, with a value of USD 447 million, according to news sources. This figure is an improvement on the USD 326 million deficit amount recorded during the same time last year.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/sbp-invites-feedback-policy-enhance-financial-inclusion-women.html\" target=\"_blank\" rel=\"noreferrer noopener\">SBP invites feedback on its policy to enhance financial inclusion of women<\/a><\/p>\n\n\n\n<p>When compared with the previous five years\u2019 records, Pakistan\u2019s current account has been registering a<a href=\"https:\/\/www.zameen.com\/news\/sbp-announces-current-account-surplus-for-4th-consecutive-month.html\" target=\"_blank\" rel=\"noreferrer noopener\"> surplus <\/a>throughout the (fiscal year) FY2020-21. This surplus has been associated with the improved trade balance and a steady increase in remittances. Reportedly, the country\u2019s import and export numbers had started rising back in November, which was due to a recovery in domestic economic activity and international demand.<\/p>\n\n\n\n<p>As per the SBP data, the accumulative current account surplus during the July-November (FY21) period rose to a record USD 1.64 billion \u2014 against a USD 1.745 billion deficit recorded during the same period last year. Additionally, it was reported that remittances during the five months under review spiked by 27% to USD 11.77 billion, after COVID-19\u2019s travel restrictions \u2018increased flows through legal channels\u2019.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/sbp-registers-record-high-remittances-in-july-2020.html\" target=\"_blank\" rel=\"noreferrer noopener\">SBP registers record-high remittances in July 2020<\/a><\/p>\n\n\n\n<p>SBP further reported that due to the improved financial inflows and turnaround in the current account, the federal bank\u2019s foreign exchange reserves had risen by USD 1 billion during November. At their current value of USD 13.1 billion, the reserves are now at their highest levels recorded over the past three years. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The State Bank of Pakistan (SBP) on Tuesday reported that the Pakistan\u2019s current account had registered a surplus for the fifth consecutive month in November, with a value of USD 447 million, according to news sources. This figure is an improvement on the USD 326 million deficit amount recorded during the same time last year. Read: SBP invites feedback on its policy to enhance financial inclusion of women When compared with the previous five years\u2019 records, Pakistan\u2019s current account has been registering a surplus throughout the (fiscal year) FY2020-21. This surplus has been associated with the improved trade balance and a steady increase in remittances. Reportedly, the country\u2019s import and export numbers had started rising back in November, which was due to a recovery in domestic economic activity and international demand. As per the SBP data, the accumulative current account surplus during the July-November (FY21) period rose to a record USD 1.64 billion \u2014 against a USD 1.745 billion deficit recorded during the same period last year. Additionally, it was reported that remittances during the five months under review spiked by 27% to USD 11.77 billion, after COVID-19\u2019s travel restrictions \u2018increased flows through legal channels\u2019. Read: SBP registers record-high&hellip;<\/p>\n","protected":false},"author":75,"featured_media":64432,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016,15017],"tags":[32769,44600,21853],"persona":[],"class_list":{"0":"post-72944","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"category-notices-announcements","9":"tag-current-account-surplus-pakistan","10":"tag-sbp-reports-current-account-surplus-for-the-fifth-consecutive-month-in-fy-20","11":"tag-state-bank-of-pakistan-sbp","12":"cat-15016-id","13":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Current account surplus for 5th consecutive month: SBP - Zameen News<\/title>\n<meta name=\"description\" content=\"When compared with the previous five years\u2019 records, Pakistan\u2019s current account has been registering a surplus throughout the (fiscal year) FY2020-21.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/current-account-surplus-for-5th-consecutive-month-sbp.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Current account surplus for 5th consecutive month: SBP - Zameen News\" \/>\n<meta property=\"og:description\" content=\"When compared with the previous five years\u2019 records, Pakistan\u2019s current account has been registering a surplus throughout the (fiscal year) FY2020-21.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/current-account-surplus-for-5th-consecutive-month-sbp.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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