Pakistan’s current account deficit increases to $3.77 billion

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The State Bank of Pakistan.—File Photo

ISLAMABAD: Pakistan’s current account deficit widened to a provisional $3.77 billion in the first 11 months of the 2011/12 fiscal year from $3.394 billion in the first 10 months, the central bank said Thursday.

There was a provisional deficit of $79 million in the first 11 months of the previous fiscal year, according to data released by the State Bank of Pakistan.

The current account had a provisional deficit of $414 million in May 2012, compared to $545 million in the same month last year.

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