As a result of difficult decisions, the current account surplus for the fourth consecutive month
ISLAMABAD: Federal Minister for Planning and Production Asad Umar has said that Pakistan’s current account remained in surplus for the fourth consecutive month. When we came into government, the current account was ڈالر 2 billion per month. Were facing deficits. According to details, in a message on social networking site Twitter, he said that Pakistan’s current account surplus in October this year was 2 382 million, which remained in the current account surplus for the fourth consecutive month this year, from July to October The country’s current account surplus stood at Rs 1.20 billion.
The Federal Minister said that the PTI government inherited the highest current account deficit in history and when it came into power, it faced a current account deficit of 2 2 billion per month.
382 million $ current account surplus in Oct. This is the 4th month of current account surplus. Cumulative surplus jul to oct is $ 1.2 billion. We inherited the biggest current account deficit in history with monthly current account deficits of $2 billion when govt was formed!
— Asad Umar (@Asad_Umar) November 19, 2020
On the other hand, the policies of the Prime Minister for the promotion of the country’s industry have also been successful. Orders received by Bangladesh and India have now started being received by Pakistan. Extraordinary growth has been recorded, orders from Bangladesh and India have started to divert, industrialists say the Prime Minister has fulfilled promises made to the textile industry, the announcement of cheaper electricity has boosted exporters’ confidence. ۔