The State Bank of Pakistan (SBP) announced Friday that Pakistan registered a current account of $ 2.1 billion during the current fiscal year.
Due to the wide commercial gap and a higher external debt service, the country registered a current account deficit of $ 103 million in May compared to a surplus of $ 47 million in the previous month and $ 1.2 billion in March.
According to SBP data, the current account saw a surplus of $ 2.1 billion, compared to a deficit of $ 2.1 billion during the previous fiscal year.
The Advisor of the Minister of Finance, Khurram Schehzad, highlighted the developments in a position on X, stating that the surplus was the highest in 22 years.
“[The] The current account of the country by June 2025 closes in the surplus of $ 328 million, which carries the surplus of the whole year to more than $ 2.1 billion, ”he wrote.
Schehzad added that remittances increased by 27 percent year -on -year to reach the “historical” $ 38 billion.
He added that in the current fiscal year, textile exports increased between 7.4 and per year after year to $ 17.9 billion, while IT services exports (information technology) and enabled for you increased to $ 4.6 billion, an interannual increase of 44 percent.
“Last but not least, [the] Pakistan Equities Market (KSE-100) crossed 140,000 points, making a historical brand in its history, with a market value that crosses RS 16.8 billion (about $ 60 billion), ”he wrote.
Meanwhile, Prime Minister Shehbaz Sharif expressed his gratitude for the surplus of the current account, describing him as “very welcome.”
“Currency reserves have exceeded $ 19 billion due to government measures,” he said in a statement from his office.
“The main reason for stability in the 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.”
Praising his team, the prime minister said that the government is taking priority measures to provide a commercial and friendly environment with investment in the country, according to the statement.
