ISLAMABAD: Pakistan recorded a current account surplus of $2.1 billion in fiscal year 2024–25, its first surplus in 14 years, according to the State Bank of Pakistan (SBP) on Friday.
In a statement on X, the central bank said: “Current account balance recorded a surplus of $2.1 billion during FY25 compared to a deficit of $2.1 billion during FY24.”
Meanwhile, the country’s current account registered a surplus of $328 million in June 2025, against a deficit of $84 million last month and a deficit of $500 million in June 2024.
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
Khurram Schehzad, adviser to the finance ministry, also shared the data on X, highlighting a $328 million current account surplus in June 2025.
“Country’s Current Account (CA) for June 2025 closes in $328Mn Surplus, taking full-year Surplus to over $2.1Bn — annual Surplus recorded after 14 years, and the largest Surplus in 22 years,” the adviser wrote on X.
He said textile exports rose by 7.4% year-on-year to $17.9 billion, foreign direct investment increased 5% to $2.5 billion, and remittances surged 27% to a record $38 billion.
Key Developments on External Side of Pakistan Economy:
– Country's Current Account (CA) for June 2025 closes in $328Mn Surplus, taking full-year Surplus to over $2.1Bn – annual Surplus recorded after 14 years, and the largest Surplus in 22 years.
– Textile exports increased by…
— Khurram Schehzad (@kschehzad) July 18, 2025
Breakdown
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.
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.
Meanwhile, the Pakistan Bureau of Statistics (PBS) reported a 7.39% increase in textile exports during the financial year 2024-25 compared to the previous year 2023-24. Textile exports reached $17.89 billion, up from $16.66 billion last year.
PM hails increase of current account surplus
Prime Minister Muhammad Shehbaz Sharif has hailed the increase of the current account surplus to $2.1 billion in fiscal year 2024-2025.
“Due to government measures, foreign exchange reserves have crossed $19 billion,” he added in a statement.
The prime minister said the main reason for stability in the current account surplus was a significant increase in remittances and exports, adding that 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 added.
