Balance of Payments Issued by a Country: Deficit or Surplus?
The movement of money into a nation over a certain period and the flow of money out of a country over the same period are the two components of a country's balance of payments. Because it is still growing and has many problems—political, economic, and social—Pakistan has had several ups and downs in its budget for the Balance of Payment.
Pakistan has emerged as one of those nations that have demonstrated resilience and adaptability in the face of the ongoing COVID-19 epidemic and unpredictable global economic situations.
Balance of Payments Issued by a Country: Deficit or Surplus?
The movement of money into a nation over a certain period and the flow of money out of a country over the same period are the two components of a country's balance of payments. Because it is still growing and has many problems—political, economic, and social—Pakistan has had several ups and downs in its budget for the Balance of Payment.
Pakistan has emerged as one of those nations that have demonstrated resilience and adaptability in the face of the ongoing COVID-19 epidemic and unpredictable global economic situations. Pakistan has managed to establish a respectable balance of payments surplus, amounting to US$583 million, as of July FY20-21. Comparatively, Pakistan saw a balance of payment deficit of US$ 4,449 in FY19–20. Similar to that, Pakistan had an even more severe balance of payment deficit in FY
