Pakistan Witnessed a Surplus of $792 in Q1 of FY21 – RS News

Pakistan Witnessed a Surplus of $792 in Q1 of FY21

Pakistan witnessed a surplus of $792 million in the first quarter of FY21, which is the highest in the past 5 years.

Pakistan witnessed a surplus of $73 million in September. This brings a surplus of $792 million in the first quarter of FY21, which is the highest in the past 5 years.

In a recent tweet, PM Imran Khan joyfully announced that the country is in a surplus of $792 million as compared to a deficit of $1,492 million in the last year.

In another statement, SBP also shared their views on the same stance. They told that the 9% increase in remittances and a 29% increase in exports have added huge value to this surplus. They also added:

Imports also picked up in line with the on-going revival in domestic economic activity,

SBP

While the current GDP stands at 1.2% in the first quarter of FY21 as compared to the negative GDP of 2.3% in the last year.

The prime minister, earlier, also said that he cannot afford any leniency in comforting the nation. On his official page, he tweeted:

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