2 min read
The State Bank of Pakistan (SBP) on Monday clarified that there will be no significant revisions to the country’s current account balance following the recent update of trade data by the Pakistan Bureau of Statistics (PBS). The clarification comes amid public speculation that PBS’s revised trade figures could alter the SBP’s previously reported external account data.
In an official statement, the SBP explained that its trade data is primarily derived from trade payments received from banks, rather than the customs-based data compiled by PBS. This distinction, the central bank emphasized, means that any PBS revisions have minimal impact on SBP’s balance of payments reporting.
The SBP reaffirmed that its already published current account data remains accurate, though minor routine revisions may still occur as part of regular statistical updates.
“SBP’s trade data is computed mainly from trade payments data received from banks; hence, there will be no significant revision in C/A balance data already published,” the statement read.
This clarification was issued to ensure transparency and maintain public confidence in Pakistan’s economic reporting, particularly as the country works to stabilize its external finances and strengthen data credibility.
