Facebook Linkedin Twitter
  • Home
  • Nation
    • Crime
    • Education
    • Environment
    • Health
    • Misc
    • Transport
    • Weather
  • World
    • Africa
    • Americas
    • Asia
    • Europe
    • GCC
    • Saudi Arabia
    • India
    • Middle East
    • Others
    • Pakistan
  • Business
    • Aviation
    • Economy
    • Energy
    • Finance
    • Global Business
    • Hospitality
    • Local Business
    • Market
    • Misc
    • Real Estate
    • Retail
    • Shipping
    • Telecom
    • Transport
  • Video
  • Tech
    • Companies
    • Cyber Crime
    • Gadgets
    • Laptops
    • Mobile Phones
  • Sports
    • Cricket
    • Football
    • Global Sports
    • Horse Racing
    • Local Sports
    • Motor Sports
    • Other
    • Tennis
  • Entertainment
    • Bollywood
    • Cinema Listings
    • Hollywood
    • Lollywood
    • News Makers
    • Others
  • Gold / Forex
  • Jobs
Search
Thursday, October 2, 2025
  • About Us
  • Contact Us
  • Privacy Policy
  • Disclaimer
Facebook Linkedin Twitter
Sign in
Welcome! Log into your account
Forgot your password? Get help
Privacy Policy
Password recovery
Recover your password
A password will be e-mailed to you.
The UAE News
  • Home
  • Nation
    • AllCrimeEducationEnvironmentHealthMiscTransportWeather
      Sharaf Travel and Amadeus Strengthen Partnership to Redefine and shape the Future of Travel in the Gulf
      Business

      Sharaf Travel, Amadeus strengthen partnership to redefine, shape future of travel…

      OMODA&JAECOO’s parent company Chery’s Landmark HKEX Listing Fuels New Growth in UAE and Worldwide
      Business

      OMODA&JAECOO’s parent company Chery’s Landmark HKEX Listing Fuels New Growth in…

      OMODA&JAECOO Announces International User Summit 2025 in China Following Debut at IAA Mobility in Germany
      Business

      OMODA&JAECOO Announces International User Summit 2025 in China Following Debut at…

      Business

      Etihad Airways Launches “Winter Sale” Campaign

  • World
    • AllAfricaAmericasAsiaEuropeGCCSaudi ArabiaIndiaMiddle EastOthersPakistan
      Sharaf Travel and Amadeus Strengthen Partnership to Redefine and shape the Future of Travel in the Gulf
      Business

      Sharaf Travel, Amadeus strengthen partnership to redefine, shape future of travel…

      OMODA&JAECOO’s parent company Chery’s Landmark HKEX Listing Fuels New Growth in UAE and Worldwide
      Business

      OMODA&JAECOO’s parent company Chery’s Landmark HKEX Listing Fuels New Growth in…

      OMODA&JAECOO Announces International User Summit 2025 in China Following Debut at IAA Mobility in Germany
      Business

      OMODA&JAECOO Announces International User Summit 2025 in China Following Debut at…

      Business

      Etihad Airways Launches “Winter Sale” Campaign

  • Business
    • AllAviationEconomyEnergyFinanceGlobal BusinessHospitalityLocal BusinessMarketMiscReal EstateRetailShippingTelecomTransport
      Abhi MasterCard start up
      Business

      MENAP-based ABHI selected for Mastercard’s Start Path Small Business Program

      Sharaf Travel and Amadeus Strengthen Partnership to Redefine and shape the Future of Travel in the Gulf
      Business

      Sharaf Travel, Amadeus strengthen partnership to redefine, shape future of travel…

      OMODA&JAECOO’s parent company Chery’s Landmark HKEX Listing Fuels New Growth in UAE and Worldwide
      Business

      OMODA&JAECOO’s parent company Chery’s Landmark HKEX Listing Fuels New Growth in…

      Al Tay Hills Concludes Successful Participation at Dubai Property Show London
      Business

      Al Tay Hills Concludes Successful Participation at Dubai Property Show London

  • Video
    • Top News

      VIDEO: Dubai AI, Web3 Festival concludes with the launch of new…

      Video

      Turkey is set to achieve 50 million tourists target in 2019

      Video

      Samsung Galaxy S8 and S8+ soon in UAE

      Video

      The World’s happiest countries

      Video

      The Global Risk Report 2017

  • Tech
    • AllCompaniesCyber CrimeGadgetsLaptopsMobile Phones
      Sharaf Travel and Amadeus Strengthen Partnership to Redefine and shape the Future of Travel in the Gulf
      Business

      Sharaf Travel, Amadeus strengthen partnership to redefine, shape future of travel…

      OMODA&JAECOO Announces International User Summit 2025 in China Following Debut at IAA Mobility in Germany
      Business

      OMODA&JAECOO Announces International User Summit 2025 in China Following Debut at…

      Cannes Yachting Festival 2025: A Celebration of Innovation & Elegance on the Water
      Business

      Cannes Yachting Festival 2025: A Celebration of Innovation & Elegance on…

      Smart, Green, Limitless: JAECOO J7 SHS Redefines Hybrid Mobility in UAE
      Business

      Smart, Green, Limitless: JAECOO J7 SHS Redefines Hybrid Mobility in UAE

  • Sports
    • AllCricketFootballGlobal SportsHorse RacingLocal SportsMotor SportsOtherTennis
      PCB announces 15-man squad for T20 World Cup
      Cricket

      Pakistan announces squad for Men’s T20 World 2024

      Other

      Wings for Life World Run: Adidas partners with Red Bull

      Local Sports

      Special Olympics UAE: More than 1000 participants run 1.5km and 3km

      Women athletes eye new records in 8 sports during AWST 2024 in Sharjah
      Other

      Women athletes eye new records in 8 sports during AWST 2024…

  • Entertainment
    • AllBollywoodCinema ListingsHollywoodLollywoodNews MakersOthers
      The Chronicles of Umro Ayyar
      Entertainment

      Pakistan’s 3D-animated film ‘ The Chronicles of Umro Ayyar’ featured at…

      Gaurang Doshi, Niti Agarwal launch Phoenixx Artists in Dubai
      Bollywood

      Gaurang Doshi, Niti Agarwal launch Phoenixx Artists in Dubai

      OSH Del Mar Presents “Sound of Dubai”
      Business

      OSH Del Mar Presents ‘Sound of Dubai’

      Expo City Dubai announces 12-day closure of 6 pavilions, attractions
      Education

      Expo City Dubai announces 12-day closure of 6 pavilions, attractions

  • Gold / Forex
  • Jobs
    • Business

      Global Labor Market Conference 2025: Shaping the future of work with…

      UAE Visa Amnesty extended for two months
      Crime

      UAE Visa Amnesty deadline extended for overstayers

      Thousands flock to UAE Immigration Centres as Amnesty begins
      Asia

      Thousands flock to UAE Immigration Centres as Amnesty begins

      Emirates Group hired over 10,000 staff during FY 2023-24
      Aviation

      Emirates Group hired over 10,000 staff during FY 2023-24

      Dusit International eyes over 100 hotels in 3 years
      Africa

      Dusit International eyes over 100 hotels in 3 years

Home Business Pakistan economy on right track: Imran Khan
  • Business
  • Economy
  • Global Business
  • News Tickers
  • World
  • Pakistan
  • Top News

Pakistan economy on right track: Imran Khan

Pakistan's current account surplus recorded at $424 million in July 2020

August 24, 2020
1483
Facebook
Twitter
Pinterest
WhatsApp
    Imran Khan asks ministers to show performance

    Web Report

    Pakistan Prime Minister Imran Khan on Monday said the country’s current account balance had recorded a surplus of $424 million in July, signalling that the economy was “on the right track”.

    Hailing the development in a message on Twitter, the premier noted that in July last year, Pakistan had a current account deficit (CAD) of $613 million while last month the deficit stood at $100m.

    He attributed the “strong turnaround” in the current account balance to “record remittances” and “continuing recovery in exports, which rose [by] 20 per cent compared to June 2020”.

    According to data released by the State Bank of Pakistan (SBP) last week, the country received record-high remittances of $2.768 billion in the first month of the new fiscal year, following the record $23bn received during the outgoing financial year.

    “This ($2.768bn) is the highest-ever level of remittances in a single month in Pakistan,” SBP had said.

    “More good news for Pakistan economy,” Prime Minister Imran Khan had tweeted last week. “Remittances from overseas Pakistanis reached $2,768 million in July 2020, highest ever amount in one month in the history of Pakistan.”

    Separately, Planning Minister Asad Umar also lauded the current account surplus for July 2020 in a tweet today, recalling that the PTI government had “inherited” a deficit of $2 billion “as a legacy of PML-N”, which was in power until 2018.

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

    Earlier this month, while quoting data released by the Finance Ministry, Dawn had reported that since the PTI came to power, CAD had been brought down from $20bn to $3bn while exports were up despite Covid-19 demand stagnation while cost of borrowing had been brought down due to better debt management.

    • TAGS
    • Asad Umar
    • Imran Khan
    • Pakistan
    • Pakistan current account surplus
    • Pakistan economy
    • Pakistan remittances
    Facebook
    Twitter
    Pinterest
    WhatsApp
      Previous articleUAE reports 275 coronavirus cases, 94 recoveries
      Next articleDubai Chamber members’ export to China witness record level
      Abdul Basit

      RELATED ARTICLESMORE FROM AUTHOR

      Abhi MasterCard start up
      Business

      MENAP-based ABHI selected for Mastercard’s Start Path Small Business Program

      Sharaf Travel and Amadeus Strengthen Partnership to Redefine and shape the Future of Travel in the Gulf
      Business

      Sharaf Travel, Amadeus strengthen partnership to redefine, shape future of travel in GCC 

      OMODA&JAECOO’s parent company Chery’s Landmark HKEX Listing Fuels New Growth in UAE and Worldwide
      Business

      OMODA&JAECOO’s parent company Chery’s Landmark HKEX Listing Fuels New Growth in UAE and Worldwide

      - Advertisement -

      MOST POPULAR

      Dubai launches Dh1.3 billion Silicon Park

      February 27, 2017

      Dubai investments to roll out initiatives to support sustainable development goals

      December 16, 2017

      Iranian pilgrims to perform Hajj 2017

      March 18, 2017

      Range Rover production resumes with social distancing steps

      May 29, 2020
      Load more

      HOT NEWS

      Misc

      Education trailblazers inspire thousands of teachers, school leaders at GESS Dubai

      Covid-19 global death toll crosses 3m mark
      Africa

      Global coronavirus fatalities near 800,000

      Nation

      Weather alert: dust, poor visibility expected in UAE

      Transport

      Gulf concours returns for second edition with all-new collection

      HOT NEWS

      Misc

      Dewa participates in sports day

      UAE introduces corporate tax on business profits
      Business

      UAE introduces corporate tax on business profits

      Health awards
      Health

      42 honoured at Annual Health Awards in Dubai

      Asia

      Jakarta bus terminal explosions leave at least 2 dead

      Prayer Timings

      NamazTiming

      POPULAR CATEGORIES

      • Business2149
      • Top News1847
      • World1703
      • Nation1606
      • News Tickers1466
      • GCC1073

      Block title

      ABOUT US
      The UAE News publishes news related to the Middle East including GCC, Pakistan and India covering business, sports, entertainment, real estate, transport, automobiles, fashion, aviation, gold & forex rates. Additionally, major international news of all topics.
      Contact us: info@theuaenews.com
      FOLLOW US
      Facebook Linkedin Twitter
      • Facebook
      • Twitter
      • Instagram
      • Google+
      • About Us
      • Business
      • Nation
      • World
      • Gold / Forex
      © UAE NEWS
      MORE STORIES
      Boeing completes software update of 737 MAX

      Boeing completes software update of 737 MAX

      May 18, 2019
      MAG City project

      First batch of villas sold in MAG City project

      August 17, 2020