Current Account deficit in the first 3 months of FY '18 reaches $ 3.55 billion
MG News | October 20, 2017 at 04:09 PM GMT+05:00
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According to latest State Bank of Pakistan release, the total Current Account deficit during the first three months of fiscal year ’18 amounts to $ 3.55 billion.
The current deficit has now reached around 4.2 percent of the total GDP. Current Account deficit during the same period last year (July – Sept ’17) was $ 1.637 billion, an increase of 114% when comapre against the same period last year.
The deficit in September alone was around $ 956 million.
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