photo: afpPakistan experienced a surge in its current account surplus, reaching a six-month high at $397 million in December 2023. The increase in the current account surplus is attributed to a rise in workers’ remittances and a reduction in imports. Read Current account sees November surplusRahman anticipates that the current account balance will be maintained at the breakeven level on a monthly basis until the next political government takes charge after the planned general elections on February 8. The balance of the current account for FY24 is projected to remain less than 1% of GDP, ranging from $2.5-3 billion. Overall, FDI increased by 35% in the first half of FY24, totalling $863 million compared to $640 million recorded in the same period of FY23.

Source: The Express Tribune January 19, 2024 03:25 UTC