The country’s current account recorded a surplus of $ 424 million in July: PM Imran Khan

ISLAMABAD: Prime Minister Imran Khan on Monday took to Twitter to share the latest figures on the country's current account balance with a surplus of $ 424 million in July 2020. 

“Pakistan’s economy is on the right track,” he said. After a $ 613 million decline in the current account balance in July 2019 and a reduction of $ 100 million in June 2020, the current account balance reached a surplus of $ 424 million in July 2020, ”he tweeted.

“This strong change is a continuous improvement in exports, which is an increase of 20% compared to June 2020 and a record of payments.”

State Bank of Pakistan (SBP) has confirmed in a Twitter statement that Pakistan’s current account balance will fall to a surplus of $ 424 million in July 2020.

“This is the fourth monthly surplus since October last year and a significant improvement in losses of $ 613 million in the same month last year,” the central bank said. High payments with the support of the SBP and the government for a number of policy and administrative initiatives. There was a sustained improvement in exports with an increase of 19.7% m / m in July, above 25.5% in July. “

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