Prime Minister Imran Khan was delighted over the good economic news keep coming after one another and on Thursday he was very pleased to inform that the pace of the remittances being sent by the overseas Pakistan was accelerating.

In a tweet, the prime minister said “I want to thank out great asset, overseas Pakistanis, for the funds they sent through Roshan Digital Accounts.”

https://twitter.com/ImranKhanPTI/status/1341958008314716168

The Roshan Digital Accounts were created by the State Bank of Pakistan (SBP) for receiving remittances from overseas Pakistanis.

According to Imran Khan, these accounts had received over $200 million by Wednesday. “The first $100 million came in 76 days and the next $100 million came in only 28 days,” he added.

In an earlier tweet on Tuesday, Imran Khan had said that Pakistan’s economy had staged a remarkable turnaround despite the coronavirus pandemic. He said: “Masha’Allah despite Covid-19 great news on the economy – remarkable turnaround.”

The prime minister said that despite the national challenges, Pakistan’s current account witnessed a surplus. Imran Khan wrote: “Current account surplus again in November: $447 mn.”

The prime minister further added: “For the fiscal year so far, the surplus is $1.6 bn as opposed to a deficit of $1.7bn same the period last yr.”

https://twitter.com/ImranKhanPTI/status/1341233934114406401

The prime minister went on to say that the forex reserves of the State Bank of Pakistan also registered an upward trend. He said: “SBP’s FX reserves have risen to about $13 bn, highest in 3 yrs.”

The State Bank of Pakistan earlier revealed that Pakistan’s current account balance – the difference between the government’s foreign income and expenditure – remained in surplus for the fourth straight month at $382 million in October.

The State Bank in its statement said that “In October, the current account surplus rose further to $382 million from $59 million in September, on the back of a sustained increase in remittances and smaller trade deficit.”

The Bank added that “This is the fourth successive monthly surplus. Since July, the cumulative current account surplus has reached $1.2 billion, reversing the $1.4 billion deficit recorded in the same period last year.”