Economy heading in the right direction, says PM Imran

Prime Minister Imran Khan on Tuesday lauded his government's efforts to improve the economic situation of the country, adding that the "economy is finally heading in the right direction".

In a tweet, the premier praised the achievements of the Pakistan Tehreek-i-Insaf (PTI) government and congratulated exporters for their success, while encouraging them to "do more".

PM Imran stated that in the first four months of the fiscal year, the current account deficit has fallen by 73.5 per cent compared to the same period last fiscal year.

Pakistan's economy has finally stabilised: PM

For first 4 months of our fiscal year our current account deficit has fallen by 73.5 % compared to same period last fiscal yr. Our exports of goods & services in Oct 2019 rose 20% over previous month and 9.6% over Oct 2018. I congratulate our exporters & encourage them to do more

He also noted that Pakistan's exports of goods and services in October 2019 rose 20 per cent over the previous month and 9.6 per cent more than October 2018.

The prime minister also stated that Pakistan's current account turned into a surplus in October 2019 for the first time in four years. He added the current account balance was +$99 mn in the month of October, compared to -$284 mn in September and -$1,280 mn in October of the previous fiscal year.

Pak economy finally heading in right direction as more of our economic reforms bear fruit: Pak's current account turned into surplus in Oct 2019, for first time in 4 yrs. Current account balance was +$99 mn in Oct 2019 compared to -$284 mn in Sept 2019 & -$1,280 mn in Oct 2018

Earlier this month, the premier said the country’s economy has finally stabilised and was moving in the right direction.

“The direction is right, now we have to move forward. We need to make our economy move forward”.