Islamabad, Sep 18: The State Bank of Pakistan (SBP) released figures on Wednesday showing that in August 2024, Pakistan’s current account balance showed a surplus of $75 million.
In August 2024, Pakistan experienced a current account surplus of US$ 75 million, following three consecutive current account deficits. The current account deficit for 2MFY25 is US$ 171 million, which is 81 percent less than the previous year.
Topline Securities claims that remittances, which came in at US$ 2.9 billion, up 40% YoY, are the reason for the current account’s increase. Remittances are increased 44% YoY in 2MFY25.
