Pakistan posts current account surplus $582m in December

January 17, 2025 (MLN): Pakistan has recorded a current account surplus of $582 million, the latest data issued by the State Bank of Pakistan (SBP) revealed today.

Last month, the country recorded a current account surplus of $684m; in December 2023, the current account surplus stood at $279m.

On a cumulative basis, the current account surplus in 6MFY25 was recorded at $1.21bn, showing an increase of 186.6% compared to the deficit of $1.4bn in 6MFY24.

In December, total exports rose 8.7% to $3.84bn compared to $3.53bn in the same month of last year. While it rose 12.5% as against the exports of $3.41bn in the previous month.

Total imports rose 15.1% to $5.78bn as compared to the imports worth $5.02bn recorded in December of last year. Compared to the previous month, imports rose 16.4%.

Accordingly, the trade deficit in goods and services rose 30.2% from a year ago to $1.94bn. On a monthly basis, it widened 25%.

Cumulatively, the trade deficit in 6MFY25 was recorded at $13.1bn, a rise of 13.1% when compared to the deficit of $11.59bn in 6MFY24.

During the first 6 months of the current fiscal year, exports rose 7.1% to $20.28bn compared to $18.94bn in the same period last year.

Imports rose 9.4% to $33.38bn in 6MFY25 compared to $30.53bn in the same period last year.

The data further details that the workers' remittances in December increased by 29.3% to $3.08bn as against $2.38bn in December 2023; while on a monthly basis, the remittances went up by 5.6% as compared to $2.92bn in the previous month.

Cumulatively in 6MFY25, workers' remittances were recorded at $17.85bn as compared to $13.44bn in 6MFY24, depicting a rise of 32.8%.

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