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: