Pakistan records annual current account surplus of $2.1bn: Official data

Pakistan recorded a current account surplus of $2.1 billion through the current fiscal 12 months ending June 30, 2025, in response to official data. Prime Minister Shehbaz Sharif hailed the event as an indication of an enhancing economic system.

The nation confronted a perennial subject of stability of cost and periodically rushed to the International Monetary Fund (IMF) and different monetary establishments to get financial assist.

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The newest data of the State Bank of Pakistan (SBP) on Friday (July 18, 2025) confirmed the current account surplus was recorded at $2.1 billion, in comparison with a deficit of $2.1 billion through the earlier fiscal 12 months.

It was apparently achieved following a strict coverage to discourage pointless imports of luxurious objects, which have been a drain on the current account. Other components included encouraging remittances by expats and selling exports of conventional and IT-related objects.

Advisor to the Finance Minister Khurram Schehzad took to X to announce that the surplus was the best in 22 years. “[The] country’s current account for June 2025 closes in a $328m surplus, taking the full-year surplus to more than 2.1bn,” he wrote. Mr. Schehzad added that remittances surged by 27% year-over-year to succeed in a “historic” $38 billion.

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He mentioned that within the current fiscal 12 months, textile exports elevated by 7.4% year-over-year to $17.9 billion, whereas IT (data expertise) and IT-enabled providers exports climbed to $4.6 billion — a year-over-year improve of 44%.

“Last, but not the least, Pakistan Equities Market (KSE-100) crossed 1,40,000 points, making a historic mark in its history, with market value crossing ₹16.8 trillion (close to $60bn),” he wrote. Prime Minister Sharif expressed gratitude for the current account surplus, calling it “very welcome.”

Foreign change reserves have exceeded $19 billion as a consequence of authorities measures,” he was quoted as saying in a press release from his workplace. “The main reason for the stability in current account surplus is a significant increase in remittances and exports,” he added.

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“Improving financial and economic indicators show that the country’s economy is on the path of stability.” Mr. Sharif mentioned the federal government is taking precedence steps to offer a enterprise and investment-friendly atmosphere within the nation.

Despite the constructive improvement, Pakistan nonetheless must do loads, as it’s within the center of an IMF programme of $7 billion. The 39-month Extended Fund Facility binds it to hold out a number of reforms, together with ending subsidies and privatising a number of loss-making entities.