The current account deficit is 99% down compared to $823 million recorded in March 2019, the State Bank of Pakistan (SBP) reported on Thursday. “Earlier, travel expenses used to be the cause for widening of the current account deficit,” Tariq said. “Trends suggest the current account deficit will turn into a surplus in April. The developments in the offing suggest a favourable outlook on the current account position. The current account deficit would remain near zero in the remaining three months of the current fiscal year.

Source: The Express Tribune April 24, 2020 01:30 UTC