The key features of the economic survey for the ongoing fiscal year have revealed that the local debt and liabilities in Pakistan reached Rs25,552 billion in March 2021. Pakistan’s domestic debt and liabilities were recorded at Rs24,478 billion in the same period last year.
From July to April 2021, the current account deficit was in surplus of Rs77,770 million. In the same period in 2020, remittances increased by 29% over the previous year. Remittances in the first 10 months of the current financial year stood at 24 billion.
In the first 11 months of the current fiscal year, exports stood at 22.6 billion. Exports in the first 11 months of the last fiscal year were Rs19.8 billion.
Imports in the first 11 months of the current fiscal year stood at Rs49.8 billion. Imports in the first 11 months of the last fiscal year were Rs40.8 billion. In the first 11 months of the current financial year, the trade deficit increased by 30%. The trade deficit for the first 11 months of the current fiscal year was Rs27.28 billion. The trade deficit in the first 11 months of the previous fiscal year was at Rs21.7 billion.
Foreign investment in the first 10 years of the current financial year was one and a half-billion dollars. Foreign investment in the last 10 years was Rs2.3 billion. In the first 11 months of the current financial year, foreign exchange reserves increased by Rs 3.91 billion.
In the first 11 months of the current financial year, the foreign exchange reserves stood at Rs23.29 billion. The State Bank of Pakistan’s (SBP) net foreign exchange reserves stood at Rs16.13 billion this fiscal year. Banks’ foreign exchange reserves declined by 70 million in the first 11 months of the current fiscal year. Banks have foreign exchange reserves of Rs7.16 billion this fiscal year.
