Pakistan’s economy finally heading in right direction: PM

PM Imran Khan, visit, AJK, landslide-hit, areas, today
19 Nov, 2019 10:25 am

ISLAMABAD (92 News) – Prime Minister (PM) Imran Khan has said the Pakistan’s economy is finally heading in the right direction.

The prime minister said in his tweet on Tuesday morning. He said the government’s economic reforms have started bearing fruit. Alluding to different economic indicators, Imran Khan said Pakistan’s current account turned into surplus in October this year for the first time in four years.

PM Khan said our current account deficit for the first four months of current fiscal year has fallen by 73.5 percent compared to the same period last fiscal year.

“Pak economy finally heading in right direction as more of our economic reforms bear fruit. Pak’s current account turned into surplus in Oct 2019, for first time in 4 yrs. Current account balance was +$99 mn in Oct 2019 compared to -$284 mn in Sept 2019 & -$1,280 mn in Oct 2018,” PM Khan tweeted.

Imran Khan also mentioned that the country’s exports of goods and services in October this year up by 20 percent over previous month and 9.6 percent over October 2018. Congratulating the exporters, he encouraged them to do more to boost the country’s exports.

“For first 4 months of our fiscal year our current account deficit has fallen by 73.5 % compared to same period last fiscal yr. Our exports of goods & services in Oct 2019 rose 20% over previous month and 9.6% over Oct 2018. I congratulate our exporters & encourage them to do more,” the prime minister said in another tweet.

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