business

May 19, 2018

Current account deficit widens 50pc to $14.035bln in July-April

KARACHI: Current account deficit widened to 5.3 percent of gross domestic product, or $14.035 billion, in the first 10 months of the current fiscal year of 2018 as merchandise imports continued to broadly outstrip exports, while foreign inflows from other sources remained insufficient to finance the gap, the central bank data showed on Friday.The State Bank of Pakistan said the current account deficit increased 50 percent from $9.354 billion in the corresponding period a year...