The State Bank of Pakistan (SBP) has moved to address recent speculation surrounding the potential revision of its trade and current account data following updates by the Pakistan Bureau of Statistics (PBS). In a formal clarification, the central bank stated that there will be no major adjustments to its reported figures, emphasizing that its trade data is primarily derived from verified payment information received directly from commercial banks across the country.
According to the SBP, recent reports suggested that revisions in the PBS trade data might lead to similar changes in SBP’s current account balance statistics. The central bank, however, categorically denied this assumption, stating that its methodology for compiling trade-related figures is independent of PBS estimates and largely based on actual financial transactions. This approach, SBP explained, ensures that its balance of payments and current account figures accurately reflect real trade flows and payment settlements processed through Pakistan’s banking system.
The SBP further elaborated that while minor adjustments in trade and current account data may occur as part of its standard data reconciliation process, these revisions are routine and not connected to any revisions carried out by the PBS. “There will be no significant revision in the current account balance data already published by SBP,” the central bank stated, adding that such clarifications were being shared in the broader public interest to maintain transparency and prevent misinformation.
Pakistan’s trade and balance of payments data are closely watched indicators of the country’s economic stability, foreign exchange reserves, and external sector performance. Any reported changes in trade statistics often generate heightened attention from analysts, investors, and the media. The SBP’s clarification aims to ensure confidence in the accuracy of its reporting process, particularly as the country works toward maintaining external account stability under its ongoing economic reform program.
Economic observers note that the SBP and PBS follow distinct methodologies for recording trade data. While PBS captures trade figures based on customs declarations at ports of entry and exit, the SBP’s data represents payments and receipts actually processed through the banking system. As a result, differences occasionally arise between the two datasets, but these discrepancies are routinely analyzed and reconciled through institutional coordination.
The SBP’s assurance comes at a time when Pakistan’s external sector performance has shown signs of improvement, supported by steady remittance inflows, moderate import demand, and stabilizing exports. The current account deficit has remained contained in recent months, contributing to greater macroeconomic stability and renewed investor confidence.
By issuing this clarification, the SBP aims to reinforce the credibility of its statistical reporting framework, which plays a critical role in shaping fiscal and monetary policy decisions. The central bank reiterated its commitment to maintaining accuracy, consistency, and transparency in the dissemination of all external sector data.
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