{"id":80785,"date":"2021-10-27T17:46:55","date_gmt":"2021-10-27T12:46:55","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=80785"},"modified":"2021-10-27T17:47:00","modified_gmt":"2021-10-27T12:47:00","slug":"sbp-reports-24-reduction-in-cad-in-september","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/sbp-reports-24-reduction-in-cad-in-september.html","title":{"rendered":"SBP reports 24% reduction in CAD in September"},"content":{"rendered":"\n<p>Karachi: The State Bank of Pakistan (SBP) on Wednesday (October 20) reported a 24.48 % shrink in Current Account Deficit (CAD) in September, news sources reported. <\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/digital-banking-plan-to-be-approved-in-a-month-sbp.html\" target=\"_blank\" rel=\"noreferrer noopener\">Digital banking plan to be approved within a month: SBP deputy governor<\/a><\/p>\n\n\n\n<p>The CAD has shrunk to USD 1.1 billion from USD 1.47 billion in August.&nbsp; As per the reports, the shrink in CAD is mainly because exports and remittances posted a strong increase of 31% and 17% respectively in September when compared with the corresponding figures last year. In September, the deficit of goods\u2019 trade increased 5.9%, while the services sector recorded a 65.2% increase on a year-on-year basis. <\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/sbp-issue-renewable-energy-financing-scheme.html\" target=\"_blank\" rel=\"noreferrer noopener\">SBP issue new renewable energy financing scheme<\/a><\/p>\n\n\n\n<p>Reportedly, Pakistan exported USD 2.64 billion in commodities against USD 6.07 billion in imports, while service exports were USD 551 million, down from USD 668 million in September the previous year. However, data has also revealed a deficit of USD 3.4 billion in the first quarter of the fiscal year 2021-22 as compared to a surplus of USD 865 million in the same period last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The State Bank of Pakistan (SBP) on Wednesday (October 20) reported a 24.48 % shrink in Current Account Deficit (CAD) in September, news sources reported. Read: Digital banking plan to be approved within a month: SBP deputy governor The CAD has shrunk to USD 1.1 billion from USD 1.47 billion in August.&nbsp; As per the reports, the shrink in CAD is mainly because exports and remittances posted a strong increase of 31% and 17% respectively in September when compared with the corresponding figures last year. In September, the deficit of goods\u2019 trade increased 5.9%, while the services sector recorded a 65.2% increase on a year-on-year basis. Read: SBP issue new renewable energy financing scheme Reportedly, Pakistan exported USD 2.64 billion in commodities against USD 6.07 billion in imports, while service exports were USD 551 million, down from USD 668 million in September the previous year. However, data has also revealed a deficit of USD 3.4 billion in the first quarter of the fiscal year 2021-22 as compared to a surplus of USD 865 million in the same period last year.<\/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":[10620,49159,21853],"persona":[],"class_list":{"0":"post-80785","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-deficit","10":"tag-sbp-reports-24-reduction-in-cad-in-september","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>SBP reports 24% reduction in CAD in September - Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: The State Bank of Pakistan (SBP) on Wednesday (October 20) reported a 24.48 % shrink in Current Account Deficit (CAD) in September, news sources\" \/>\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\/sbp-reports-24-reduction-in-cad-in-september.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SBP reports 24% reduction in CAD in September - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Karachi: The State Bank of Pakistan (SBP) on Wednesday (October 20) reported a 24.48 % shrink in Current Account Deficit (CAD) in September, news sources\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/sbp-reports-24-reduction-in-cad-in-september.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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