ISLAMABAD: Federal Minister for Science and Technology Fawad Chaudhry has said that Pakistan’s current account has come out of a deficit after seventeen years.
“For the first time in 17 years, exports and remittances exceeded our imports,” Fawad Chaudhry wrote in a Tweet he posted.
سترہ سال کے بعد پاکستان کا کرنٹ اکاؤنٹ خسارے سے باہر آیا ہے یعنی سترہ سال میں پہلی بار ہماری ایکسپورٹس، اور ترسییلات ہماری درآمدات سے زیادہ رہیں، حکومت نے اخراجات میں بھی بہت کمی کی ظاہر ہے خرچے کم ہوں اور آمدن زیادہ تو ہی ہم معاشی خود انحصاری کی طرف بڑہ سکتے ہیں۔
— Ch Fawad Hussain (@fawadchaudhry) October 22, 2020
He said that the government has also reduced the expenditure which has obviously reduced the expenditure. Fawad Chaudhry wrote that only when expenditure is low and income is high can we move towards economic self-reliance.
Yesterday, Prime Minister Imran Khan had said that we have finally moved in the right direction. PM Imran Khan posted on Twitter that great news has come for Pakistan and finally we are moving in the right direction.
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According to him, the remittances grew by 9 percent over the previous month. Earlier this month, PM Imran Khan expressed optimism and said that despite the coronavirus pandemic, the good news is coming to the economy.
He said remittances were up 31 percent from last September and more than 9 percent since August, the fourth month that remittances had exceeded 2.2 billion.
