Pakistan’s foreign reserves grew by $3.47b in one year: ministry

Pakistan’s foreign reserves grew by $3.47 billion over the past year, the Finance Ministry said Friday.

The ministry said so in its report on the economic
performance during the past 10 months.

The current account deficit of the country reduced by 29.5%
to $3.3 billion, according to the report.

Remittances increased by 5.5%, it said. The total volume of
foreign remittances remained $18.8 billion.

The report said that Pakistan saw an increase of 563% in
foreign investment. It had a total volume of $1.86 billion.

The US dollar rose by Rs11.12 over the past year.

Article source: https://www.samaa.tv/economy/2020/05/pakistans-foreign-reserves-grew-by-3-47b-in-one-year-ministry/