By Our Correspondent
KARACHI: In a significant economic milestone, Pakistan recorded a current account surplus of $2.1 billion in fiscal year 2024–25 — its first annual surplus in 14 years — reversing a $2.07 billion deficit from the previous year, according to data released by the State Bank of Pakistan (SBP).
The surplus was further supported by a $328 million surplus in June 2025, compared to deficits in the preceding month and the same period last year.
Experts attribute this turnaround to a 27% surge in remittances, a 16% reduction in the services deficit, and improved performance in textile and IT exports, along with a 5% rise in foreign direct investment.
Textile exports grew to $17.89 billion, IT exports reached $3.8 billion, and remittances hit a record $38.3 billion, driven by manpower exports and incentives for formal channels.
While experts remain cautious about sustainability due to potential import pressure and global uncertainties, the surplus is being seen as a major boost for investor confidence and the Pakistani rupee.
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