BR Research

Dwindling balance of payments

Published October 20, 2011 Updated October 20, 2011 12:00am

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Summary Balance of Payments
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($ mn)                             Jul - Jun             Jul-Sep
                              FY11*      FY10     FY12*    FY11*
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Current account balance        437    (3,946)   (1,209)    (597)
Goods:  Exports             25,440    19,673     6,141     5,241
Goods:  Imports             35,727    31,209    10,178     8,233
Trade Balance              (10,287)  (11,536)   (4,037)  (2,992)
Services:  Credit            5,473     5,229     1,186       992
Services:  Debit             7,620     6,919     1,882     1,704
Current Transfers :Credit   15,905    12,672     4,219     3,759
Workers Remittances        11,201     8,906     3,297     2,646
FCA Residents                  367       629       (78)      110
Current Transfers :Debit        82       110        17        11
Capital Account,               171       175         7        23
Financial Account            1,878     5,097       483       687
Net Errors and Omissions         7       (60)      (40)     (25)
Overall Balance              2,493     1,266      (759)       88
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Source: SBP