Pakistani current account records deficit of $662m in Dec

607

Observer Report

Karachi

The State Bank of Pakistan (SBP) on Wednesday has shared its monthly numbers on the balance of payments, noting the current account of Pakistan has turned red after bleeding US$ 1.1 billion in December alone. The Current Account Balance is a ledger of payments that takes into accounts all the bills the country has to pay and all payments it has to receive. The total amount if is positive it means the country’s account is in surplus, if the opposite, it’s the opposite.