Positive Economic Indicators for First Two Months of FY25
Pakistan’s remittances increased by 7%, reaching $6.35 billion from July to August, according to a new financial report released Tuesday.
Exports also saw a healthy boost, rising 10.2% to $5.28 billion, while imports increased slightly by 0.8% to $10.4 billion. The report noted a narrowing of the current account deficit to $620 million over the two-month period.
Foreign direct investment (FDI) surged by 22%, totaling $364.3 million, signaling improved investor confidence.
SBP Reserves Show Significant Growth
A major highlight was the sharp increase in State Bank of Pakistan’s foreign reserves, which rose from $9.5 billion to $14.4 billion. The Ministry of Finance credited the rise to stronger inflows from remittances, exports, and foreign investments.
Tax and non-tax revenues also posted gains, contributing to a primary fiscal surplus of Rs228.9 billion during the same period.
These improvements come as Pakistan continues efforts to stabilize its economy through fiscal reforms and better external financing options.
The Ministry emphasized that the uptick in remittances, exports, and foreign reserves reflects growing confidence in the country’s financial stability. Economic analysts have welcomed the data, suggesting it could improve Pakistan’s credit outlook and investor sentiment.
The positive trends are expected to support further macroeconomic stability and help cushion the impact of global financial pressures.
