Pakistan's July-March current account deficit surges to nearly $3.1bn

KARACHI: Pakistan's current account deficit widened to a provisional $3.089 billion in the first nine months of the 2011/12 fiscal year, compared with $10 million over the same period in the previous year, State Bank of Pakistan (SBP) said on Wednesday.

The current account had a provisional surplus of $142 million in March, compared with a surplus of $184 million in the same month the previous year.

The deficit was $260 million in February 2012.