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Pakistan posted $447mn current account surplus in Nov says PM Imran Khan

MashaAllah despite coronavirus great news on economy – remarkable turnaround. Current account surplus again in Nov: $447 mn, the PM Imran Khan said.

ISLAMABAD: Prime Minister Imran Khan said that the country posted a current account surplus of $447 million in November.  

For fiscal year so far, surplus is $1.6 billion as opposed to deficit of $1.7bn same period last year.

MashaAllah despite coronavirus great news on economy – remarkable turnaround. Current account surplus again in Nov: $447 mn, the PM Imran Khan said.

Prime Minister Khan noted that the State Bank of Pakistan’s (SBP) foreign exchange reserves have risen to about $13 billion, the highest in three years.

The country’s current account had remained in surplus for the fourth month in a row at $382 million in October 2020 as compared to $59 million in September.

Minister for Planning and Development Asad Umar had last month tweeted: “This is the 4th month of current account surplus.”

He said the current account surplus was recorded at $1.2 billion during the July-October period.

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