PM Imran shares 'good news for economy' as foreign reserves rise to $13bn

ISLAMABAD – Prime Minister Imran Khan on Tuesday expressed happiness over improved economic situation in Pakistan.

Expressing his satisfaction, the premier took to Twitter to announce that “MashaAllah, despite COVID-19 great news on economy, Remarkable turnaround."

The premier said "Pakistan's current account surplus in the month of November was $447 million, raising the cumulative surplus for the year to $1.6 billion."

MashaAllah despite Covid 19 great news on economy - remarkable turnaround. Current account surplus again in Nov: $447 mn. For fiscal year so far, surplus is $1.6 bn as opposed to deficit of $1.7bn same period last yr. SBP's FX reserves have risen to about $13 bn, highest in 3 yrs

— Imran Khan (@ImranKhanPTI) December 22, 2020

For the same period last year, the country faced a deficit of $1.7 billion. "State Bank of Pakistan's foreign exchange reserves have raised to about $13 billion - highest in three years," he added.

Earlier, Khan attributed the encouraging trends in Pakistan’s economy to the business-friendly policies of the PTI led government.

Pakistan’s economy in right direction after attaining sustainability, says PM Imran