ISLAMABAD: Prime Minister Imran Khan on Tuesday said Pakistan’s economy was making a “remarkable turnaround’ as November had a current account surplus of $447 million.

PM Imran Khan, in a tweet on Tuesday, said that despite coronavirus outbreak this is great news on economy. He said that for fiscal year so far, surplus is of $1.6 billion as opposed to deficit of $1.7 billion in the same period last year.

MashaAllah despite Covid 19 great news on economy - remarkable turnaround. Current account surplus again in Nov: $447 mn. For fiscal year so far, surplus is $1.6 bn as opposed to deficit of $1.7bn same period last yr. SBP's FX reserves have risen to about $13 bn, highest in 3 yrs

— Imran Khan (@ImranKhanPTI) December 22, 2020

The prime minister further revealed that foreign exchange reserves of State Bank of Pakistan (SBP) have risen to about $13 billion, which is highest in 3 years. It is pertinent to mention here that the country’s current account witnessed a surplus for the fifth consecutive month. In October Pakistan also reported a surplus of $382 million, data released by SBP showed. NNI