The State Bank of Pakistan has reported an improvement in its current account balance from July to December of the current fiscal yearAccording to the details, the latest figures revealed an improvement in the current account deficit with a loss recorded at $83.1 million during the period of July-Dec FY24, meanwhile $3.62 billion of loss was recorded in the current account balance during the period of July-Dec FY23. This positive trend is a testament to the efforts and strategies implemented by the bank to stabilize its financial standing. The current account balance for December 2023 reflected a surplus of $39.7 million compared to the figures recorded a loss of $36.5 million in December 2022. November 2023 saw a temporary setback, with a current account deficit of $1.5 million. However, the overall trend indicates a positive trajectory in the State Bank’s financial performance.

Source: The Nation January 17, 2024 10:30 UTC