The State Bank of Pakistan (SBP) made it clear on Monday that the balance data in its current account will not be a significant amendment after the recent updated the Pakistan Bureau of Statistics (PBS) trade data.
In a statement released in response to speculations about possible changes, the central bank said trade data is based on the information of trading payments received from banks rather than customs -based data published by PBS.
As a result, the SBP does not expect any major adjustment in the pre -released account data.
The statement said that “SBP trade data is primarily based on the data of trading payments received from banks. Therefore, there will be no specific review in the C/A balance data already published by SBP.” The bank added that a minor amendment could continue according to the practice established.
This explanation has emerged among the reports that the recent review in PBS trade data can lead to similar changes in SBP trade and current account numbers.
The SBP said that this explanation is being released in the wider public interest.