KARACHI – Pakistan’s current account deficit has dwindled 97.34 percent to $81 million in the first seven months of the current fiscal year. This decline, analysts cited, is spurred by healthy dollar inflows from exports and worker remittances.
However, analysts believe that an expected rise in prices of oil on the back of political unrest in Middle Eastern countries might take Pakistan’s current account deficit to $4.0 billion during 2010-11.
“The overall deficit may swell to $4.0 billion or two percent of the GDP during 2011 as oil prices are increasing due to political crisis in the oil-rich Middle East.
