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Current account deficit turns into surplus after 17 years: Hammad

Minister for Finance and Revenue, Hammad Azhar says despite challenges, economy of the country is in much better condition than it was back in 2018 when the incumbent government assumed power.

Talking in live call session along with Prime Minister, Imran Khan, he said in 2018, Pakistan was at the verge of default but today’s Pakistan, even after the outbreak of Covid-19 pandemic, is moving ahead on the path of growth and progress.

Hammad Azhar said the government had to take some hard decisions and had to devalue currency and increase interest rate.

He said these decisions started giving results and the historic current account deficit, which the government inherited, turned into surplus after 17 years.

Source: Radio Pakistan

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