Prime Minister Imran Khan on Tuesday said the country’s foreign reserves have risen to around $13 billion, the highest in three years.
The premier said that despite the Covid-19 pandemic, which brought a global slowdown in economic activity in 2020, there is “great news on the economy” and a “remarkable turnaround”.
Pakistan has achieved a current account surplus of $447 million for the month of November, added the prime minister. He further said there is a surplus of $1.6 billion for the fiscal year so far versus a deficit of $1.7 billion during the same period last year.
Earlier this month, the premier attributed the positive trends in the country’s economy – improvement in stock market performance and increase in investors’ confidence – to the business friendly policies of the PTI led federal government.
During the meeting, the prime minister received a briefing on the improving economic indicators. The premier expressed satisfaction on the growth of the industrial sector, construction sector and increase in the export of textile products.
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