ISLAMABAD: Pakistan recorded a current account surplus of $12 million in the latest figures released by the State Bank of Pakistan (SBP). This marks a significant narrowing from the previous month’s surplus of $1.2 billion, and the $315 million surplus reported in April 2024.
On a cumulative basis, the current account balance for the first 10 months of FY2024-25 (10MFY25) stood at a surplus of $1.88 billion, reflecting a dramatic turnaround compared to a deficit of $1.34 billion in the same period last fiscal year—an improvement of 240.6%.
Trade Performance – April 2025
In April, exports reached $3.33 billion, registering a 1.0% increase year-on-year from $3.29 billion. However, this represented a 4.9% decline compared to $3.5 billion in March 2025. Mettis Global reported this breaking news today, citing the latest data of the State Bank of Pakistan.
Meanwhile, imports surged by 15.3% year-on-year to $6.14 billion, up from $5.32 billion in April 2024. On a monthly basis, imports rose by 4.3%.
As a result, the trade deficit in goods and services widened sharply to $2.81 billion, up 38.6% year-on-year and 17.9% month-on-month.
10MFY25 Trade Overview
For the July–April period, total exports grew by 7.3%, reaching $34.21 billion compared to $31.87 billion in 10MFY24. Imports, meanwhile, climbed 11.1% to $58.05 billion, up from $52.25 billion in the same period last year.
The cumulative trade deficit over the 10 months stood at $23.84 billion, reflecting a 17.0% increase from the $20.38 billion recorded in 10MFY24.
Workers’ Remittances
In April, workers’ remittances amounted to $3.18 billion, up 13.1% year-on-year from $2.81 billion in April 2024. However, on a monthly basis, remittances dropped 21.5% compared to $4.05 billion in March 2025.
Cumulatively, remittances during 10MFY25 totaled $31.21 billion, marking a robust 30.9% increase from the $23.85 billion received in the same period last year.
Summary
Despite month-to-month fluctuations in trade and remittance inflows, Pakistan has managed to maintain a positive current account balance through the first 10 months of FY2025. Rising remittances and export gains have helped offset a growing trade deficit, contributing to a more stable external sector.
