Abb Takk News

Pakistan’s Economy is Heading in Right Direction, says PM

ISLAMABAD: Prime Minister Imran Khan on Tuesday said Pakistan’s economy is heading in the right direction and the government’s economic reforms have started bearing fruit.

The premier took to Twitter and said that the country’s current account turned into a surplus in October this year for the first time in four years.

“Current account balance was +$99mn [million] in October 2019 compared to -$284mn in September 2019 and -$1,280mn in October 2018,” PM Imran said in a tweet.

The Prime Minister said: “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,” he added..

“I congratulate our exporters and encourage them to do more,” the prime minister concluded.