The country’s current account deficit widened to $2.154bn during the first half of the present fiscal year against a surplus of $8m during the corresponding period last year. It means the country’s current account gap had increased to 1.8 percent of its GDP from a surplus of 0.0 percent during July-Dec FY11. Workers remittances being the only indicator in the green zone, the trade deficit grew by 32 percent or in monetary terms $1.849 billion to $7.619bn compared to $5.770bn observed last year.
