Pakistan has posted the current account surplus of 427 million dollars in February this year, the highest since March of last year.
Sharing recent key positive economic indicators, Adviser to the Finance Minister Khurram Schehzad in a post on X handle, highlighted that remittances grew by eleven percent in the first eight months of current fiscal year. Foreign Direct Investment rose by twenty four percent in February.
IT and technology exports reached around three billion dollars in the first eight months of current fiscal year, marking a twenty percent increase.
Pakistan’s Forex Reserves is at four year high, with improved import coverage.
Large-scale manufacturing recorded double-digit growth in January, rising around twelve percent. Cumulative growth of the sector reached six percent in the first seven months of the current fiscal year.
The Adviser said Pakistan has been able to secure March, and now most of April, in energy supplies. He said despite external and regional challenges, strengthening macro fundamentals are helping build buffers and a stronger foundation to face future challenges with greater resilience.
