‘Great news’: PM says Pakistan posted $447mn current account surplus in Nov

[Morpheus]

‘Great news’: PM says Pakistan posted $447mn current account surplus in Nov
Web Desk On Dec 22, 2020 Last updated Dec 22, 2020


ISLAMABAD: Prime Minister Imran Khan tweeted on Tuesday that the country posted a current account surplus of $447 million in November.
“MashaAllah despite Covid 19 great news on economy – remarkable turnaround. Current account surplus again in Nov: $447 mn,” the prime minister said.

“For fiscal year so far, surplus is $1.6 b[illio]n as opposed to deficit of $1.7bn same period last y[ea]r.”

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

Prime Minister Khan noted that the State Bank of Pakistan’s (SBP) foreign exchange reserves have risen to about $13 billion, the highest in three years.
The country’s current account had remained in surplus for the fourth month in a row at $382 million in October 2020 as compared to $59 million in September. Minister for Planning and Development Asad Umar had last month tweeted: “This is the 4th month of current account surplus.” He said the current account surplus was recorded at $1.2 billion during the July-October period.

'Great news': PM says Pakistan posted $447mn current account surplus in Nov

'MashaAllah despite Covid 19 great news on economy - remarkable turnaround'

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[WebMaster]

Alot more to come! We need to make the inflow of the money easier and easier. People shouldnt be asked how the money comes into Pak. Follow the Switzerland approach. Make Pakistan Great Again.

 

[Morpheus]

Pakistan’s Current Account Surplus rose further, FX reserves at highest level in 3 years

• As per the central bank's latest data, so far in FY21, the current account surplus has reached $1.6 billion compared to a deficit of $1.7 billion recorded over the same period last year.
  • At $13.1bn, FX Reserves are now at their highest level in 3 years.

Pakistan’s current account surplus rose further to $447 million in November 2020, against a deficit of $326mn witnessed in the same month last year, revealed State Bank of Pakistan (SBP) on Tuesday.

As per the central bank's latest data, on a cumulative basis, the country recorded a surplus of $1,640mn during Jul-Nov FY21 as compared to a deficit of $1,745mn in the same period last year.
The SBP further said that in contrast to the previous five years, the current account has been in surplus throughout FY21 due to an improved trade balance and a sustained increase in remittances. In Nov20, both exports and imports picked up, reflecting a recovery in external demand and domestic economic activity, highlighted SBP.

“This turnaround in the current account, together with improvement in financial inflows, raised SBP’s Foreign Exchange reserves by around $1bn in Nov20,” revealed the central bank. At $13.1bn, they are now at their highest level in 3 years.

Prime Minister Imran Khan expressed delight over the latest development terming it a ‘remarkable turnaround.’


“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 $1.6bn as opposed to deficit of $1.7bn same period last year. SBP's FX reserves have risen to about $13bn, highest in 3 years,” he tweeted.

Pakistan’s Current Account Surplus rose further, FX reserves at highest level in 3 years

As per the central bank's latest data, so far in FY21, the current account surplus has reached $1.6 billion compared to a deficit of $1.7 billion recorded over the same period last year. * At $13.1bn, FX Reserves are now at their highest level in 3 years.

www.brecorder.com

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[El Sidd]

invest it in eggs

 

[hunter_hunted]

invest it in eggs

Tried Yes, but ande ne mughi nai di

 

[El Sidd]

Tried Yes, but ande ne mughi nai di

Nawaz chura gaya hoga.

 

[crankthatskunk]

invest it in eggs

For that we need Ishaq Dar back in Pakistan with his God Father, the "Ganj Corruption King".
Ishaq Dar was the reason for Pakistan's downfall. He should be brought back and tried for treason. That man is the most dangerous criminal Pakistan has ever produced.

 

[Jazzbot]

Look at Feb-May 2018, the last months of PML-N

 

[Imran Khan]

someone should put this on face of corrupt mafia and shot them in heads

Look at Feb-May 2018, the last months of PML-N

this is the game they destroy economy before they go . so that next gov face problem this is how cheap and SOB they are .in fact they destroy county before they go .
we must tight imports more and more mobiles automobile and food items are first in line .

 

[Imran Khan]

we must tight our imports many are just useless

 

[Norwegian]

People shouldnt be asked how the money comes into Pak.

You wish to legalize 90s era money laundering?

invest it in eggs

Invest in trolls

 

[ziaulislam]

we must tight our imports many are just useless

View attachment 698801

Food items can easily be replaced in short term

Imports are going to pick up again soon due to development just hope CAD remains within -1

 

[Imran Khan]

Food items can easily be replaced in short term

Imports are going to pick up again soon due to development just hope CAD remains within -1

electronics and mobiles must be banned .use made in Pakistan

 

[Death Professor]

invest it in eggs

193 Rs k thay kuch din pehlay. Ajj kitnay k hain? Sugar mafia pe control huva tou anda mafia khull gye...

Dessi tou uss se bhi mehngay hain...

 

[Imran Khan]

Alot more to come! We need to make the inflow of the money easier and easier. People shouldnt be asked how the money comes into Pak. Follow the Switzerland approach. Make Pakistan Great Again.

we are really bad we went grey list of FATF we became in bad light while we did not earned anything . panama UAE swiss earn hundreds of billions and they did not went in grey list too .