Pakistan News and Discussion-8

[Naresh]

<b>Current account deficit hits USD 1.87Billion</b>

<!--QuoteBegin-->QUOTE<!--QuoteEBegin--><b>LA HORE – The country has sustained a huge amount of current account deficit (CAD) of 1.87 billion dollars in just two months of the current financial year.</b>

In comparison with the corresponding period of last fiscal, the current account deficit 650 million dollars or 53 per cent in July and August period of 2006-07.

This had been pointed out in a latest document of the State Bank of Pakistan regarding the balance of payment position of the country in first two months of this fiscal.

<b>The sharp increase in the current account deficit of Pakistan seems <span style='font-size:14pt;line-height:100%'>the main outcome of 2.1 billion dollars trade deficit during July and August that accelerated the CAD growth by 53 per cent.</span></b> <!--emo&:flush--><img src='style_emoticons/<#EMO_DIR#>/Flush.gif' border='0' style='vertical-align:middle' alt='Flush.gif' /><!--endemo--> <!--QuoteEnd--><!--QuoteEEnd-->

Cheers <!--emo&:beer--><img src='style_emoticons/<#EMO_DIR#>/cheers.gif' border='0' style='vertical-align:middle' alt='cheers.gif' /><!--endemo-->