Pakistan in first quarterly surplus in more than five yearsChristian Fernsby ▼ | October 21, 2020
Pakistan heading in the right direction as the country's current account recorded a surplus of $792 million in the first quarter of the ongoing fiscal year 2020-21, Prime Minister Imran Khan announced.
First quarterly surplus Pakistan rice
“Great news for Pakistan. We are headed in the right direction finally,” said PM Imran.
The prime minister shared that the current account was in surplus of $73 million during September, bringing in a surplus for the first quarter to $792 million. He explained that the country had registered a deficit of $1,492 million during the same quarter of the previous year.
“Exports grew 29% and remittances grew 9% over the previous month,” said PM Imran. ■