9:;(<=>?@=A(;<@B@C?A9
#)&*&+%),*#-(,.&",(/'0#*/(
:)-$
-,!#)'%$;1
-(!#)'%$;1
.$(#%<
1&(#&';,&:'('&;$$&<
!"#$%&"'()*+$%&*)%("(,-(./))*'&
"..0/'&(1*2.$&(03(4-56(7$88$0'
! 5(13/)&$678$696: $" ;<)=*&'3*#>(3.34'#1 $" ?++&)+"1)$@)4".2$".2
(=)"&
A>?Y=^$[
!"#$%#&'(""()&*&"+,#&-%&./
A*%%,B8$C",".()$3D$E"B4).1#8$>(3.34'($F)G#8$;<)$!,3/",$>(3.34B $# 9
0#1#23&!(%3%
E"0'#1".$&)+'#1)&#$"$HI$(*&&).1
"((3*.1$2)J('1$3D$KIL7$/',,'3.
!"#$%&'()$#*&+)$,)"-'.+$/*#'.)##)#
/".0&*%1$".2$(3.#*4)&#$*.()&1"'.
A"*2'$?&"4(3$%&3J1#$'.(&)"#)$/B
",43#1$I99M
;<)&)$(3*,2$/)$)N1&)4)$G"1)&
The economy of Pakistan has released 4gures
showing there was a current account de4cit of $3.4
billion in Q3. This is up by just under $1 billion from
#("&('1B$'.$>+B%1$1<'#$2)("2)
>,$A",-"23&$"23%1#$C'1(3'.$"#$"$,)+",
1).2)&
!&3*.2/&)"0'.+$.)G$2&*+$D3&
their Q2 4gure.
?,O<)'4)&P#$'#$+3'.+$13$(34)$"1$"
Although such a large de4cit clearly indicates the
A1"1)$3D$5<'3$13$"G"&2$R$%)3%,)$K:
imbalance in the trade of goods and services with
4',,'3.$D3&$1"0'.+$1<)$=3-'2S:T
(3#1Q
other economies around the world, it does show a
welcome return to ‘normal’ economic activity.
The Pakistani economy traditionally runs a large
trade de4cit but had a surplus during the second
half of 2020 – the 4rst time in over 5 years.
-"(('.)
=<'."$UA$1&"2)$1).#'3.#$&),"N'.+
*.2)&$C'2).$?24'.'#1&"1'3.
V)1(<*%$(".P1$("1(<*%$G'1<$2)4".2Q
?*#1&",'"$,'0),B$13$+3$13$1<)$W;5$'D
=<'."$)N1).2#$G'.)$1"&'X#
3(!&4&5(%3&0#$6&%3(0+#%7
Current Account of Pakistan
Y"4).Z$1<)$'.D)&'3&
+332$/)<"-'.+$,'0)
".[$'.D)&'3&$+332Q
F*1$%&'()#$"&)$<'11'.+
&3(0$/31134$"#$+,3/",
2)4".2$&)4"'.#$,3G
?&)$2'"43.2#$&)",,B
1<"1$#("&()\
5',$%&'()#$+3$.)+"1'-)
'.$1<)$UA$]$<3G$".2
G<B\
E"B'.+$D3&$%,"#1'($/"+#
#3*&()Z$!"#$%&'()*&*+%),-)*+
<"#$2&"4"1'(",,B
The signi4cant shift to a dramatic current account de4cit
has been largely attributed to a resurgence in economic
activity and high commodity prices worldwide.
THINK LIKE AN
ECONOMIST!
Q1. De4ne the term current account?
Q2. What is meant by the term current account
de4cit?
Q3. Explain one impact a large current account
de4cit will have on a domestic economy.
Q4. Using the graph above, describe the trend of
Pakistan’s current account in the last 3 years.
Q5. Using this website, list the major imports and
exports of Pakistan.
Q6. Choose another country in the world and 4nd
out what was their most recent current account
balance, and what are their major imports and
exports.
Click here for the source article
12345'62789
Tweet
!
Share
Share 0
!"##$%&'(!!)"%&
,%&$#%(&,)%(.'&#(/$
$*+)#&
,-+)#&
+(0,1&(%
! !"#$%&'(
!"#$%&'()$#*&+)$,)"-'.+
/*#'.)##)#$/".0&*%1
".2$(3.#*4)&#
*.()&1"'.
=3%B&'+<1$_$696:$`$W3&2E&)##$;<)4)$/B$a^$;<)4)#
&)2*()2$*#"+)$'.$1<)
UV