Prime Minister Muhammad Shehbaz Sharif on Friday hailed the increase of the current account surplus to $2.1 billion in fiscal year 2024-2025.

In a statement, he said the current account surplus had reached the highest level in the last 22 years, which was a very positive development.

“Due to government measures, foreign exchange reserves have crossed $19 billion, “ he added.

The prime minister said the main reason for stability in the current account surplus was a significant increase in remittances and exports, adding that with every passing day, improving financial and economic indicators showed that the country’s economy was on the path of stability.

“The government is taking priority steps to further improve the business and investor-friendly environment in the country,” he remarked.

He said, “The efforts of the government’s economic team are commendable.”