Economic Develoment

PM Imran Khan: Pakistan’s economy on right track

(VOFNEWS)– Prime Minister Imran Khan said the country’s economy is on the right track.

Khan in his tweets on Monday, he said the current account balance swung upwards to a surplus of 424 million dollars in the month of July this year. This, he said, after current account balance posted deficit of 613 million dollars in July last year and a deficit of 100 million dollars in June this year.

The Prime Minister said this strong turnaround is a result of continuing recovery in exports, which rose twenty percent compared to the month of June and record remittances.

“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.” Khan tweeted.

“This strong turnaround is a result of continuing recovery in exports, which ross 20 % compared to June 2020, & record remittances.” he added.

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