In a major economic development, the State Bank of Pakistan (SBP) announced that the country recorded a $2.1 billion current account surplus during the fiscal year 2025. This marks a dramatic turnaround from a $2.1 billion deficit recorded in the previous fiscal year—making it the highest surplus in 22 years, according to top officials.
While Pakistan posted a $103 million deficit in May 2025, primarily due to widening trade gaps and external debt servicing, the full-year numbers have outshined expectations. The surplus was driven by a sharp rise in worker remittances and export earnings, particularly from the textile and IT sectors.
Record-Breaking Remittances and Export Growth Drive Surplus
Adviser to the Finance Minister Khurram Schehzad shared the news on social media platform X, highlighting that Pakistan ended June 2025 with a $328 million surplus, which pushed the annual total past $2.1 billion.
He reported that remittances surged by 27% year-on-year, reaching an all-time high of $38 billion. Meanwhile, textile exports grew 7.4%, totaling $17.9 billion, and IT and IT-enabled services exports jumped 44%, reaching $4.6 billion for the year.
Government Applauds Economic Stability and Market Milestones
Prime Minister Shehbaz Sharif welcomed the surplus, calling it “very welcome” and a sign of economic recovery and stability. He credited the improvement to government measures that pushed foreign exchange reserves above $19 billion and boosted investor confidence.
The Prime Minister also praised the stock market’s performance, noting that the KSE-100 Index crossed 140,000 points—a historic milestone—with the market capitalization reaching Rs 16.8 trillion (approximately $60 billion).
“The increase in remittances and exports is a key reason behind the surplus,” he said. “We are committed to fostering a business- and investment-friendly environment that sustains economic momentum.”
