Pakistan economy ‘moving in the right direction’, says PM Khan

Prime Minister Imran Khan on Monday said that the country’s economy is moving in the right direction, as the current account balance posted a surplus of $424mn in July 2020.

“MashaAllah Pakistan’s economy is on the right track. After current account balance posted deficit of $613mn in July 2019 and a deficit of $100mn in June 2020, in July 2020 current account balance swung upwards to a surplus of $424mn,” said PM Khan in a series of tweets.

The PM was of the view that this drastic change is the result of continuous improvement in exports which increased by 20 percent as compared to in June 2020 and record remittances.
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