FY25: Pakistan’s current account posts $2.1bn surplus

Karachi: Pakistan’s current account (C/A) posted a massive surplus of $2.1 billion during the fiscal year (FY) 2024-25, a sharp contrast against $2.07 billion deficit recorded in the FY24, data released on Friday by the State Bank of Pakistan (SBP) showed.

“This is the first current account surplus in 14 years,” said AKD Securities.

In June 2025, the country’s total export of goods and services amounted to $3.33 billion, up 8% as compared to $3.09 billion in the same month of the previous year.

Current account balance recorded a surplus of US$2.1 billion during FY25 compared to a deficit of US$2.1 billion during FY24.https://t.co/q3LNv3HgLshttps://t.co/fMcRUupmT2
#SBPBOP pic.twitter.com/eZh9p77DHb

— SBP (@StateBank_Pak) July 18, 2025

Meanwhile, total imports clocked in at $5.84 billion during June 2025, an increase of 1% on a yearly basis, according to SBP data.

Workers’ remittances clocked in at $3.41 billion in June 2025, an increase of over 8% as compared to the previous year.

Low economic growth, along with high inflation, has helped curtail Pakistan’s current account deficit, with an increase in exports also helping the cause. A high interest rate, which has declined in recent months, and some restrictions on imports have also aided the policymakers’ objective of a narrower current account deficit.

Prime Minister Muhammad Shehbaz Sharif Friday hailed the increase of current account surplus to $2.1 billion in fiscal year 2024-2025.

In a statement, he said current account surplus had reached the highest level in last 22 years which was a very positive development.

“Due to government measures, foreign exchange reserves have crossed $19 billion, ” he added.

The prime minister said the main reason for stability in current account surplus was significant increase in remittances and exports, adding with every passing day, improving financial and economic indicators showed that the country’s economy was on the path of stability.

“The government is taking priority steps to further improve the business and investor friendly environment in the country,” he remarked.

He said: “The efforts of the government’s economic team are commendable.”