In November 2024, Pakistan recorded its highest monthly current account surplus in ten years, reaching $729 million. This achievement marks the fourth consecutive month of surplus and is driven by higher workers’ remittances and an improved trade balance.
In the first five months of FY25, the country posted a cumulative surplus of $944 million, a significant improvement compared to the $1.676 billion deficit during the same period in FY24.
This positive turnaround is credited to policies aimed at stabilizing the exchange rate, increasing foreign reserves, and encouraging remittances through formal channels.
The surplus has strengthened Pakistan’s foreign exchange reserves, reduced the need for external borrowing, and helped ease inflationary pressures. These improvements have provided some much-needed relief to the economy and boosted confidence among stakeholders.
However, experts stress that maintaining this momentum will require sustained export growth and careful economic management. While the surplus is a promising sign, it is essential to focus on long-term strategies that address structural challenges in trade and production.
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