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PTI govt turns huge current account deficit into surplus: Asad Umar

ISLAMABAD: Minister for Planning, Development & Special Initiatives Asad Umar said here today that the PTI Govt. had turned the huge current account deficit inherited by the PML-N Govt. into surplus.

Taking to the Twitter he held: “The PTI government inherited a current account deficit of over $2 billion per month as a legacy of PML-N.”

According to him Pakistan ran a current account surplus of $424 million in July 2020.

“Remember, the current account deficits have led to massive external debt and compromises our independence and security”.

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M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.