ISLAMABAD: Prime Minister Imran Khan on Tuesday said that the country’s economy was finally heading in the right direction.
In a series of tweets, the prime minister said, “Pakistan economy is finally heading in the right direction as more of our economic reforms bear fruit.”
He said that the country’s current account turned into surplus in October 2019 for the first time in four years. “Current account balance was +$99mn in October 2019 compared to -$284mn in September 2019 and -$1,280mn in October 2018.”
The premier wrote, “for the first four months of our fiscal year our current account deficit has fallen by 73.5 per cent compared to the same period last fiscal year. Our exports of goods and services in October 2019 rose 20 per cent over the previous month and 9.6 per cent over Oct 2018.”
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
— Imran Khan (@ImranKhanPTI) November 19, 2019
I congratulate our exporters and encourage them to do more, the prime minister added.