It remains unclear what is the export destination

Foreigners pour $536m in a single day into short-term govt papers

Deficit stood at $2.15b in Jul-Dec of current fiscal year

Improvement in data shows return of foreign investors’ confidence in economy

Move aimed at improving working capital, buying oil products

Growth attributed to sharp rise in number of people who went abroad in 2019

SBP is not lending money to the govt since beginning of the current fiscal year

Gas utility reported fresh drop of 35-40 mmcfd in supply from the fields

Also sees drop in current account deficit that will be in range of 1.5-2.5% of GDP

Fears grow over disruption to crude supplies in the Middle East