Pakistan’s economy is on the right track: PM Pakistan

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According to a Baaghi TV report, Prime Minister of Pakistan Imran Khan has tweeted that Pakistan’s economy is on the right track, God willing. The situation has improved after a deficit of $613 million in July 2019 and $100 million in June 2020, leaving a surplus of $424 million in the current account in July 2020.

The Prime Minister further said that this tangible improvement in the situation was due to exports which were 20% higher than in June 2020 is the result of continuous maintenance and record remittances.

Earlier, he said that the economy had gone through great difficulties, difficult decisions had to be made and now the situation was improving. “I have three major challenges, the first of which was the current account deficit of 10 10 billion, which had a direct negative impact on the economy,” he said in an interview with Kamran Khan.

“As a result, if the value of the Pakistani rupee depreciates, electricity becomes more expensive. If the rate of inflation increases then the poor man suffers the most,” he said.

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Prime Minister Imran Khan said that after the last two years of hard work, the current account deficit has reached  $3 billion, which is a great achievement.

He said that after the economy, the biggest challenge in Pakistan is energy, which is one of the major reasons why the former government signed expensive electricity deals.

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