CA surplus hits six-month high
Pakistan experienced a surge in its current account surplus, reaching a six-month high at $397 million in December 2023. While this has improved the country’s capacity for international payments, it comes at the expense of economic activities.
The increase in the current account surplus is attributed to a rise in workers’ remittances and a reduction in imports. This indicates that the supply of foreign currency has improved in the domestic economy, supporting the gradual upward rally of the rupee.
Read more: https://tribune.com.pk/story/2453584/ca-surplus-hits-six-month-high
