June 6, 2003	Friday	Rabi-us-Sani 5, 1424

ISLAMABAD, June 5: The current account balance (excluding official transfers) registered a surplus of $2562 million or 3.7 per cent of the projected GDP in the first nine months of the current financial year as against surplus of $1014 million over the same period of last year, showing an increase of 152.7 per cent.

According to the Economic Survey, the current account balance including official transfers, recorded a surplus of $4375 million during the same period under review as against a surplus of $2227 million in the same period of last year, indicating an increase of 96.4 per cent.

The positive upturn in current account balance was mainly on account of improvement in services account on the one hand and significant improvement in private transfers including workers remittances on the other.