BR Research

Alarm bells ringing in the external account

Published February 21, 2012 Updated February 21, 2012 12:00am

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Key items, balance of payments - Jan FY12
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                                              Jul-Jan
(million $)              Jan FY12   Dec FY12     FY12     FY11
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Current account balance      -305       -14    -2,633      -96
Exports                     1,975     2,058    14,100   13,150
Imports                     3,267     3,229    23,157   19,681
Workers remittances        1,111     1,085     7,436    6,118
Financial account            -159       -71       149    1,372
Direct investments             65       112       597    1,002
Portfolio investments          -3       -29      -146      235
SBP gross reserves         13,914    14,451    13,914   15,419
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Source: SBP