{"id":76274,"date":"2021-05-27T12:23:03","date_gmt":"2021-05-27T07:23:03","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=76274"},"modified":"2021-05-27T12:23:20","modified_gmt":"2021-05-27T07:23:20","slug":"surplus-posted-in-national-current-account","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/surplus-posted-in-national-current-account.html","title":{"rendered":"Surplus of USD 773 mn posted in national current account, highest in 17 years"},"content":{"rendered":"\n<p>Karachi: The State Bank of Pakistan (SBP) latest figures show a current account surplus of USD 773 Million, media reports quoted. The country has posted a surplus after a gap of 17 years.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/current-account-surplus-for-5th-consecutive-month-sbp.html\" target=\"_blank\" rel=\"noreferrer noopener\">SBP reports current account surplus for the fifth consecutive month in FY 20<\/a><\/p>\n\n\n\n<p>Moreover, the SBP report shows a 61% shrink in Current Account Deficit (CAD) as compared to the same period last year. It is highest in the 4 years after the PTI government took charge. The surplus is termed as a considerable relief for the incumbent government which inherited a CAD of USD 20 billion in 2018.\u00a0<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/current-account-surplus-first-quarter-reaches-highest-level-17-years.html\" target=\"_blank\" rel=\"noreferrer noopener\">Current Account Surplus in first quarter reaches highest level in 17 years<\/a><\/p>\n\n\n\n<p>According to the report the surplus is the result of economic stimulus provided by the increased exports and higher than expected remittance from abroad. The surplus is expected to decrease pressure on foreign exchange reserves and will help stabilize the economy, the report read.<\/p>\n\n\n\n<p>Similarly, the SBP and National Accounts Committee (NAC) have revised the GDP growth to 3.94pc, a change from the previous policy papers released last month.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The State Bank of Pakistan (SBP) latest figures show a current account surplus of USD 773 Million, media reports quoted. The country has posted a surplus after a gap of 17 years. Read: SBP reports current account surplus for the fifth consecutive month in FY 20 Moreover, the SBP report shows a 61% shrink in Current Account Deficit (CAD) as compared to the same period last year. It is highest in the 4 years after the PTI government took charge. The surplus is termed as a considerable relief for the incumbent government which inherited a CAD of USD 20 billion in 2018.\u00a0 Read: Current Account Surplus in first quarter reaches highest level in 17 years According to the report the surplus is the result of economic stimulus provided by the increased exports and higher than expected remittance from abroad. The surplus is expected to decrease pressure on foreign exchange reserves and will help stabilize the economy, the report read. Similarly, the SBP and National Accounts Committee (NAC) have revised the GDP growth to 3.94pc, a change from the previous policy papers released last month.<\/p>\n","protected":false},"author":75,"featured_media":76277,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016,15017],"tags":[21853,46062],"persona":[],"class_list":{"0":"post-76274","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-state-bank-of-pakistan-sbp","10":"tag-surplus-of-usd-773-mn-posted-in-national-current-account","11":"cat-15016-id","12":"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>Surplus of USD 773 mn posted in national current account - Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: The State Bank of Pakistan (SBP) latest figures show a current account surplus of USD 773 Million, media reports quoted. The country has posted a\" \/>\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\/surplus-posted-in-national-current-account.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Surplus of USD 773 mn posted in national current account - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Karachi: The State Bank of Pakistan (SBP) latest figures show a current account surplus of USD 773 Million, media reports quoted. The country has posted a\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/surplus-posted-in-national-current-account.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-27T07:23:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-27T07:23:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/05\/SBP.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Hazafa Hasan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Hazafa Hasan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Surplus of USD 773 mn posted in national current account - Zameen News","description":"Karachi: The State Bank of Pakistan (SBP) latest figures show a current account surplus of USD 773 Million, media reports quoted. 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