ISLAMABAD: Pakistan’s current account surplus has made a remarkable turnaround in November despite the COVID-19 pandemic according to Prime Minister Imran Khan.
“MashaAllah despite Covid 19 great news on economy,” said the prime minister in a tweet. He mentioned that Pakistan’s current account surplus in the month of November was $447 million raising the cumulative surplus for the year to $1.6 billion.
The country recorded a deficit of $1.7 billion during the same period last year according to Prime Minister Imran Khan.
“State Bank of Pakistan’s foreign exchange reserves have risen to about $13 billion, highest in three years,” added Prime Minister Imran Khan.
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
It is pertinent to mention that this is the fifth consecutive month, the country’s current account had remained in surplus.
Read more: Dollar Rate in Pakistan – Daily Updates.