Current account posts $12m deficit in Feb

March 17, 2025 (MLN): Pakistan has recorded a current account deficit of $12 million in Februrary 2025, the latest data issued by the State Bank of Pakistan (SBP) revealed today.

Last month, the country recorded a current account deficit of $399m. However, during the same month last year, the country recorded a surplus of $71m. 

On a cumulative basis, the current account surplus in 8MFY25 was recorded at $691m, when compared to the deficit of $1.73bn in 8MFY24.

During February, total exports rose by 2.9% to $3.3bn compared to $3.21bn in the same month of last year. While it fell 10.4% as against the exports of $3.68bn in the previous month.

Total imports rose 17.6% to $6.04bn as compared to the imports worth $5.13bn recorded in February of last year. Compared to the previous month, imports fell 6.7%.

Accordingly, the trade deficit in goods and services rose 42.2% from a year ago to $2.73bn. On a monthly basis, it narrowed 1.8%.

Cumulatively, the trade deficit in 8MFY25 was recorded at $18.76bn, a rise of 18.8% when compared to the deficit of $15.79bn in 8MFY24.

During the first 8 months of current fiscal year, exports rose 6.9% to $27.28bn compared to $25.51bn in the same period last year.

Imports rose 11.5% to $46.03bn in 8MFY25 compared to $41.3bn in the same period last year.

The data further details that the workers' remittances in February increased by 38.6% to $3.12bn as against $2.25bn in February 2024; while on a monthly basis, the remittances went up by 3.9% as compared to $3bn in the previous month.

Cumulatively in 8MFY25, workers' remittances were recorded at $23.97bn as compared to $18.08bn in 8MFY24, depicting a rise of 32.5%.

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