Prime Minister Imran Khan on Tuesday said the country's foreign reserves have risen to around $13 billion, the highest in three years. The premier said that despite the Covid-19 pandemic, which brought a global slowdown in economic activity in 2020, there is "great news on the economy" and a "remarkable turnaround". Pakistan has achieved a current account surplus of $447 million for the month of November, added the prime minister. He further said there is a surplus of $1.6 billion for the fiscal year so far versus a deficit of $1.7 billion during the same period last year. MashaAllah despite Covid 19 great news on economy - remarkable turnaround. Current account surplus again in Nov: $447 mn. For fiscal year so far, surplus is $1.6 bn as opposed to deficit of $1.7bn same period last yr. SBP's FX reserves have risen to about $13 bn, highest in 3 yrs — Imran Khan (@ImranKhanPTI) December 22, 2020 Earlier this month, the premier attributed the positive trends in the country’s economy – improvement in stock market performance and increase in investors’ confidence – to the business friendly policies of the PTI led federal government. During the meeting, the prime minister received a briefing on the improving economic indicators. The premier expressed satisfaction on the growth of the industrial sector, construction sector and increase in the export of textile products.
from News Updates From Pakistan - Pakistani News - The Express Tribune https://ift.tt/34CSRxU
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