Pakistan posts $103m current account deficit in May

MG News | June 17, 2025 at 11:48 AM GMT+05:00
June 17, 2025 (MLN): Pakistan has recorded a current account deficit of $103 million, the latest data issued by the State Bank of Pakistan (SBP) revealed today.
Last month, the country recorded a current account surplus of $47m, while in May, 2024 the current account deficit stood at $235m.
On a cumulative basis, the current account surplus in 11MFY25 was recorded at $1.81bn, showing an increase of 215.3% when compared to the deficit of $1.57bn in 11MFY24.
During May, total exports fell by 15.2% to $3.15bn compared to $3.71bn in the same month of last year. While it fell 5.0% as against the exports of $3.31bn in the previous month.
Total imports rose 7.0% to $6.37bn as compared to the imports worth $5.95bn recorded in May of last year. Compared to the previous month, imports rose 3.9%.
Accordingly, the trade deficit in goods and services rose 43.9% from a year ago to $3.22bn. On a monthly basis, it widened 14.3%.
Cumulatively, the trade deficit in 11MFY25 was recorded at $27.06bn, a rise of 19.7% when compared to the deficit of $22.62bn in 11MFY24.
During the first 11 months of current fiscal year, exports rose 4.9% to $37.34bn compared to $35.58bn in the same period last year.
Imports rose 10.7% to $64.4bn in 11MFY25 compared to $58.2bn in the same period last year.
The data further details that the workers' remittances in May increased by 13.7% to $3.69bn as against $3.24bn in May 2024; while on a monthly basis, the remittances went up by 16.0% as compared to $3.18bn in the previous month.
Cumulatively in 11MFY25, workers' remittances were recorded at $34.89bn as compared to $27.09bn in 11MFY24, depicting a rise of 28.8%.
In line with projections shared by SBP Governor Jameel Ahmad during Monday’s post-MPC analyst briefing. The central bank chief had cautioned about a temporary dip, while maintaining that the full-year external position remains on a strong footing.
In a major confidence booster, the Governor also revealed that worker remittances are now projected to reach $38bn in FY25, up by more than $7bn from last year. “This is a good story,” he remarked, crediting resilient inflows for anchoring the current account.
Despite the marginal shortfall in May, Pakistan is still on course to post a current account surplus for the full fiscal year, supported by healthy remittances, improving exports, and prudent external financing management.
Copyright Mettis Link News
Related News
Name | Price/Vol | %Chg/NChg |
---|---|---|
KSE100 | 141,034.99 304.55M | 1.18% 1644.56 |
ALLSHR | 87,318.24 607.11M | 1.23% 1057.27 |
KSE30 | 43,334.54 168.35M | 1.68% 715.94 |
KMI30 | 201,116.98 176.63M | 2.14% 4209.12 |
KMIALLSHR | 58,357.22 362.26M | 1.89% 1080.35 |
BKTi | 38,265.16 18.85M | 1.18% 444.89 |
OGTi | 29,938.42 82.25M | 6.11% 1723.79 |
Symbol | Bid/Ask | High/Low |
---|
Name | Last | High/Low | Chg/%Chg |
---|---|---|---|
BITCOIN FUTURES | 114,265.00 | 117,125.00 113,440.00 | -3170.00 -2.70% |
BRENT CRUDE | 69.52 | 72.00 69.40 | -2.18 -3.04% |
RICHARDS BAY COAL MONTHLY | 96.50 | 0.00 0.00 | 2.20 2.33% |
ROTTERDAM COAL MONTHLY | 104.50 | 104.50 104.50 | -0.30 -0.29% |
USD RBD PALM OLEIN | 998.50 | 998.50 998.50 | 0.00 0.00% |
CRUDE OIL - WTI | 67.26 | 69.58 67.05 | -2.00 -2.89% |
SUGAR #11 WORLD | 16.20 | 16.42 16.12 | -0.15 -0.92% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
Name | Last | Chg/%Chg |
---|
Name | Last | Chg/%Chg |
---|