ISLAMABAD: Prime Minister Imran Khan has expressed happiness that Pakistan’s economy is on the right track.
In a tweet on Monday, the prime minister wrote that a current account balance swung upwards to a surplus in July 2020.
MashaAllah Pakistan’s economy is on the right track. After current account balance posted deficit of $613 mn in July 2019 & a deficit of $100 mn in June 2020, in July 2020 current account balance swung upwards to a surplus of $424 mn.
— Imran Khan (@ImranKhanPTI) August 24, 2020
“MashaAllah Pakistan’s economy is on the right track. After current account balance posted deficit of $613 mn in July 2019 & a deficit of $100 mn in June 2020, in July 2020 current account balance swung upwards to a surplus of $424 mn,” the prime minister wrote.
Earlier, the prime minister expressed that remittances from overseas Pakistanis increased last month, terming it good news for the economy.
According to the prime minister, the remittances reached the highest ever amount in one month in the history of the country. “This is a 12.2 percent increase over June 2020 and a 36.5 percent increase over July last year,” PM Khan maintained.
Last month, overseas Pakistanis sent home record remittances in the fiscal year 2020 (FY20), totaling at $23.12 billion and reflecting a surge of 6.4 percent. Foreign remittances also shot up almost 7.8 percent during the four months of the coronavirus pandemic including March, April, May, and June and subsequent lockdown specifically.
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