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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Pakistan's July/Dec c/a deficit narrows to $6.053 bln Reuters - Saturday, January 17 KARACHI, Jan 16 - Pakistan's current account deficit narrowed in the six months from July through December to $6.053 billion, compared with $7.269 billion the same period last year, the central bank said on Friday. The current account deficit for December fell to $458 million from $800 million in November, the State Bank of Pakistan said on its website. Analysts said this was mainly due to a decrease in international oil prices. Oil was trading at $36 a barrel on Friday, compared to a record high of $147 in July last year. Analysts said this would ease pressure on the central bank to raise the discount rate in the near term. A six-monthly monetary policy meeting is due to be announced on Jan. 31, the central bank said on Friday. The central bank increased the discount rate by 200 basis points to 15.0 percent in November, just before it agreed with the International Monetary Fund on a $7.6 billion emergency loan to stave off a balance of payments crisis. The consumer price index in December was down 0.50 percent from November. The index, a key indicator of inflation, rose 23.4 percent in December from year ago levels, and was down from 24.68 percent year-on-year rise in November. (Reporting by Sahar Ahmed; Editing by Simon Cameron-Moore) Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Business US slaps sanctions on son of Osama bin LadenAP - 2 hours 16 minutes ago Circuit City will begin liquidation on SaturdayReuters - 2 hours 20 minutes ago Circuit City to liquidate remaining US storesAP - 2 hours 25 minutes ago Ukraine leader contradicts own PM on gas talksReuters - 2 hours 45 minutes ago WRAPUP 8-Putin says Moscow nearing deal to supply gasReuters - 2 hours 48 minutes ago Most Popular – Business Viewed Hormone drives sexy women to infidelity, says study Michelle Obama's ball gown has fashionistas abuzz Israel hammers Gaza as Hamas offers conditional truce Microsoft considering 'significant' job cuts: WSJ JPMorgan chief says worst of the crisis still to come: FT View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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