Imran Khan the Prime Minister of Islamic Republic of Pakistan, has acknowldged the Current Account Surplus in July 2020 through a tweet. The recorded surplus of $424 Million in the current account balance of Pakistan shows that the Economy of Pakistan is on the Right Track. The Current Account deficit of Pakistan in July 2019 was around $613 Million while it was only $100 Million last month and a surplus in July 2020.
PM Imran Khan lauded the success and attributed it as a ‘Strong Turnaround’, followed by the hailed success of massive export growth and the record remittances. The Economy of Pakistan as per PM Imran Khan is on the perfect path now. With the massive remittances received by Pakistan in the month of July, State Bank of Pakistan released data that stated that the start of the fiscal year, Pakistan received the highest ever remittances in a month. Furthermore, they lauded the ongoing financial year, the received remittances are on the record with $23 Billion.
Besides the acknowldgement of PM Imran Khan and State Bank of Pakistan, Planning Minister Asad Umar also hailed the success of PTI Government. Asad Umar lauded the work and acknowledged that the Current Account Surplus for July 2020 despite the legacy of PMLN that was inherited by PTI, in-short the deficit of $2 Billion. Moreover, he explained that the deficit have led to extreme debts and questioned the safety and independence of Pakistan.