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PM Imran shares Great News for Pakistan

Syed Umarullah HussainiWeb Editor

11th Dec, 2020. 11:43 am
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Prime Minister Imran Khan on Friday took to his Twitter handle and shared great news for the economy of Pakistan amid the novel coronavirus pandemic.

In his Tweet, Imran Khan said:

“More good news for Pakistan’s economy as workers’ remittances continued to grow in November – remaining above US$2 billion for a record 6th consecutive month. Acc to SBP they rose to US$2.34 billion, up 2.4% over the previous month & 28.4% over November 2019.”

Earlier Prime Minister Imran Khan said that 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.

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.

Meanwhile, State Bank today said that Workers’ remittances maintained their strong momentum in the month of November. The Bank said, “In aggregate, remittances rose to an unprecedented $11.8 billion during Jul-Nov FY21, 26.9% higher than the same period last year.”

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