Islamabad: Pakistan has posted a current account surplus of $1.195 billion in in March 20205. This was surplus of current account in March was 2024 was $363 million.
Furthermore, current account registered a surplus of $1.859 billion in first nine months of the fiscal year 2024-25. However, the current account in nine months of FY24 showed a deficit of $1.652 billion.
In March, Pakistan’s total exports saw an increase of 8.7%, reaching $3.51 billion, up from $3.23 billion in the same month of the previous year. On a month-to-month basis, exports also rose by 5.9% from $3.32 billion in February.
Meanwhile, total imports increased by 8.0% to $5.92 billion compared to $5.48 billion in March 2024. However, on a month-over-month basis, imports decreased by 1.9% from the previous month.
As a result, the trade deficit in goods and services widened by 7.0% year-over-year to $2.41 billion in March. On a monthly basis, however, the trade deficit narrowed by 11.5%.
Read More: Pakistan Records Highest Monthly Current Account Surplus in a Decade
Over the first nine months of the fiscal year (9MFY25), Pakistan’s cumulative trade deficit stood at $21.05 billion, marking an increase of 14.7% compared to $18.35 billion in the same period last year.
During the same period, Pakistan’s exports grew by 8.1% to $30.9 billion, up from $28.58 billion in 9MFY24. Conversely, imports increased by 10.7%, totaling $51.94 billion compared to $46.92 billion last year.
In a positive development, workers’ remittances in March surged by 37.3%, reaching $4.06 billion compared to $2.95 billion in March 2024. On a month-over-month basis, remittances rose by 29.8% from $3.12 billion in February.
Also Read: Pakistan Current Account Deficit Hits New High
Cumulatively, workers’ remittances in 9MFY25 totaled $28.03 billion, reflecting a significant increase of 33.2% from $21.04 billion in 9MFY24. Story by AHmed Mukhtar.
With record monthly surplus in March 2025, cumulative surplus in country’s Current Account for 9MFY25 (Jul-Mar25) now stands at $1.86 billion, which was in a deficit of $1.65 billion in the same period last year.
With Oil prices down, and remittances continuing ro make a record mark, Pakistan’s current account is expected to be in deep Surplus by June FY25 (may also continue in FY26), thereby resulting in further scale-up in overall investor confidence.
