Dawn :
The State Bank of Pakistan (SBP) on Friday announced that Pakistan recorded a current account surplus of $2.1 billion during the current fiscal year.
Due to the widening trade gap and higher external debt servicing, the country posted a current account deficit of $103 million in May compared to a $47m surplus in the preceding month and $1.2bn in March.
According to SBP data, the current account saw a surplus of $2.1bn, compared to a deficit of $2.1bn during the previous fiscal year.
Adviser to the Finance Minister Khurram Schehzad highlighted the developments in a post on X, stating that the surplus was the highest in 22 years.
“[The] country’s current account for June 2025 closes in $328m surplus, taking full-year surplus to over $2.1bn,” he wrote.
Schehzad added that remittances surged by 27 per cent year-on-year to reach a “historic” $38bn.
He added that in the current fiscal year, textile exports increased by 7.4pc year-on-year to $17.9bn, while IT (information technology) and IT-enabled services exports climbed to $4.6bn – a year-on-year increase of 44pc.
“Last, but not the least, [the] Pakistan Equities Market (KSE-100) crossed 140,000 points, making a historic mark in its history, with market value crossing Rs 16.8 trillion (close to $60bn),” he wrote.
Meanwhile, Prime Minister Shehbaz Sharif expressed gratitude for the current account surplus, calling it “very welcome”.
“Foreign exchange reserves have exceeded $19bn due to government measures,” he was quoted as saying in a statement from his office.
“The main reason for the stability in current account surplus is a significant increase in remittances and exports,” he added. “Improving financial and economic indicators show that the country’s economy is on the path of stability.”
