The current account surplus for the fourth successive month came after a gap of 15 years. The surplus grew 6.5fold compared to $59 million in the previous month of September. Cumulatively, in the first four months (July-October) of current fiscal year, a surplus of $1.16 billion was recorded compared to a deficit of $1.42 billion in the same period of last year. The receipt of higher workers’ remittances and a drop in the deficit of trade in services extended much-needed support to the current account balance in October, he said. Remittances increased 14% to $2.28 billion in October compared to $2 billion in the same month of previous year.

Source: The Express Tribune November 20, 2020 03:32 UTC