The country's current account witnessed a surplus for the fourth consecutive month in October, rising to $382 million or 1.6 percent of the gross domestic product (GDP), data released by the State Bank of Pakistan (SBP) showed on Thursday.

The current account was up 547pc month-on-month compared to $59m in September.

"The surplus came on the back of a sustained increase in remittances and a smaller trade deficit," the central bank said.

Since the start of this fiscal year in July, the cumulative current account surplus has reached $1.2 billion, reversing the $1.4bn deficit recorded in the same period last year, the SBP added.

Source- https://www.dawn.com/news/1591243/pakistan-records-current-account-surplus-for-fourth-consecutive-month