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Results for Tag: Deficit

Current account deficit surges to $5.9 billion

KARACHI - The current account deficit of the country grew by 3 billion dollars during July-October, FY09 due to record hike in oil import bill and soaring trade deficit. Pakistan’s current account deficit surged to 5.9 billion dollars in

Status quo adds to govt’s credibility deficit

ISLAMABAD- Facing acute power shortages and possibly a terrible financial crunch, the ruling Pakistan People's Party also seems shaky on doing away with 17th Constitutional Amendment and the Article 58-2(b). President Asif Ali Zardari,

Canada posts $1.7 billion budget deficit in August

OTTAWA (AFP) - Canada registered a deficit of 1.7 billion dollars (1.3 billion US) in August but maintained a narrow surplus after the first five months of its fiscal year, the finance ministry said. The August gap is far deeper than the