Pakistani c/a deficit down to $3.060 bn

Bombs and guns may be way of life in Pakistan,but it also has an economy that is far from being a basket case.

Pakistan’s current account deficit in the first 10 months of the 2009/10 fiscal year was a provisional $3.060 billion,the central bank said on Monday.

That compared with a deficit of $8.982 billion in the same period last year,the State Bank of Pakistan said.

Pakistan recorded a provisional current account deficit of $185 million in April compared with a provisional $40 million in March.