April 17, 2025 (MLN): Pakistan has recorded a current account surplus of $1.2 billion, the latest data issued by the State Bank of Pakistan (SBP) revealed today.
Last month, the country recorded a current account deficit of $97m, while in March, 2024 the current account surplus stood at $363m.
On a cumulative basis, the current account surplus in 9MFY25 was recorded at $1.86bn, showing an increase of 212.5% when compared to the deficit of $1.65bn in 9MFY24.
During March, total exports rose by 8.7% to $3.51bn compared to $3.23bn in the same month of last year. While it rose 5.9% as against the exports of $3.32bn in the previous month.
Total imports rose 8.0% to $5.92bn as compared to the imports worth $5.48bn recorded in March of last year. Compared to the previous month, imports fell 1.9%.
Accordingly, the trade deficit in goods and services rose 7.0% from a year ago to $2.41bn. On a monthly basis, it narrowed 11.5%.
Cumulatively, the trade deficit in 9MFY25 was recorded at $21.05bn, a rise of 14.7% when compared to the deficit of $18.35bn in 9MFY24.
During the first 9 months of current fiscal year, exports rose 8.1% to $30.9bn compared to $28.58bn in the same period last year.
Imports rose 10.7% to $51.94bn in 9MFY25 compared to $46.92bn in the same period last year.
The data further details that the workers' remittances in March increased by 37.3% to $4.06bn as against $2.95bn in March 2024; while on a monthly basis, the remittances went up by 29.8% as compared to $3.12bn in the previous month.
Cumulatively in 9MFY25, workers' remittances were recorded at $28.03bn as compared to $21.04bn in 9MFY24, depicting a rise of 33.2%.
