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SBP Clarifies No Major Revision Expected in Current Account Data After PBS Trade Update
State Bank of Pakistan says its trade data is based on bank payment records, not PBS figures—so no major revision expected in current account balance despite PBS trade data update.
MH
by Muhammad Hashir
2025-10-06
SBP Clarifies No Major Revision Expected in Current Account Data After PBS Trade Update

The State Bank of Pakistan (SBP) has clarified that no significant changes are expected in its Current Account Balance data following the Pakistan Bureau of Statistics (PBS) revision of trade figures.

In a statement issued on Monday, the central bank said its trade data is compiled using information provided by commercial banks on trade-related payments, rather than the PBS’s customs-based statistics.

“The State Bank’s trade data is actually compiled on the basis of data received from banks on trade payments, hence there will be no major change in the data published by the State Bank on Current Account Balance,” the SBP clarified.

The clarification comes in response to reports suggesting that the SBP’s figures on trade and current account might be revised in line with the PBS’s recent data adjustments.

However, the central bank noted that while minor variations could occur due to reconciliation processes, the overall data and current account projections remain stable.

The SBP said this clarification is being issued “in the larger public interest” to avoid any confusion regarding Pakistan’s external sector statistics.

The Current Account Balance is a key indicator of Pakistan’s economic health, reflecting the difference between the country’s foreign exchange earnings and expenditures.
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