The fiscal balance has turned into a surplus after twenty-four years as a result of prudent economic policies of the government.

This was revealed by Finance Minister's Advisor Khurram Schehzad, while talking to the media in Islamabad today.

He said the fiscal surplus balance was recorded for the first quarter of the current financial year amounting to 1.8 trillion rupees.

Khurram Schehzad further said the current account deficit in the first four months of the current fiscal year also rose to surplus.

He said the primary surplus has improved to 2.6 percent of the GDP compared to 0.4 percent during the first quarter of the last year, while tax to GDP has also surged by 0.1 percent compared to last year.

Advisor to Finance Minister said the inflation rate has also come down to 8.7 percent from 29 percent.

Talking about the stability in Pakistani rupee value, he said it appreciated by four percent. He added that forex reserves have also increased significantly, while exports went up by eight percent.

Khurram Schehzad said the international rating agencies, including Fitch and Moody's, improved Pakistan's ratings by one notch. The stock exchange also recorded bullish trends which is another positive indicator.