The current account deficit soared close to the high monthly average seen in fiscal year 2018. The country witnessed a steep climb in the current account deficit for the second time in three months in August 2021. “The recent rise in current account deficit reflects strong domestic recovery and higher international commodity prices,” it said. “The buildup in the current account deficit is a cause of concern,” Topline Securities Director Research Syed Atif Zafar said while talking to The Express Tribune. The government and the central bank may consider taking fiscal and monetary measures to control the widening current account deficit.

Source: The Express Tribune September 18, 2021 03:44 UTC