Pakistan’s economy has demonstrated remarkable resilience, as the State Bank of Pakistan (SBP) reported a current account surplus of $2.1 billion for the fiscal year ending in June 2025.
On July 18, 2025, the SBP shared this data, emphasising the contributions of strong remittances and increased exports.
In May 2025, the country faced a $103 million deficit, a significant decline from the $47 million surplus recorded in April and the $1.2 billion surplus in March. Khurram Schehzad, an adviser to the Finance Minister, pointed out on X that the surplus in April was the highest recorded in 22 years, despite a widening trade gap and increased debt servicing.
Current account balance recorded a surplus of US$2.1 billion during FY25 compared to a deficit of US$2.1 billion during FY24.https://t.co/q3LNv3HgLshttps://t.co/fMcRUupmT2
#SBPBOP pic.twitter.com/eZh9p77DHb
— SBP (@StateBank_Pak) July 18, 2025Schehzad emphasised key drivers: Remittances surged 27% year-on-year to a historic $38 billion. Textile exports grew 7.4% to $17.9 billion, while IT and IT-enabled services exports climbed 44% to $4.6 billion. The Pakistan Stock Exchange (PSX) also reached a milestone, with the KSE-100 index surpassing 140,000 points and a market value exceeding Rs16.8 trillion (approximately $60 billion).
Read: Pakistan Posts Record $1.2 Billion Current Account Surplus in March 2025
Prime Minister Shehbaz Sharif welcomed the surplus as “very welcome” news. “Foreign exchange reserves have exceeded $19 billion due to government measures,” he stated. “The main reason for the stability in the current account surplus is a significant increase in remittances and exports. Improving financial and economic indicators show that the country’s economy is on the path of stability.”
