"Current Account Deficit (CAD) recorded $0.2 billion in Jan 2023 against a deficit of $2.5 billion in Jan 2022," the central bank said in a brief statement on Twitter. The decrease in the deficit is also 16.55% lower than December when the SBP announced that the deficit was USD 0.29 billion. The deficit was recorded as import restrictions continue to persist amid a balance of payments crisis that has brought the country on the verge of default, Dawn newspaper reported.