Pakistan has recorded a full-year current account surplus of $2.1 billion in fiscal year 2024-25, marking a significant turnaround from a $2.07 billion deficit in FY24. This achievement represents the country’s first surplus in 14 years, as confirmed by the State Bank of Pakistan (SBP) on Friday.
In a statement on X, the central bank announced: “Current account balance recorded a surplus of $2.1 billion during FY25 compared to a deficit of $2.1 billion during FY24.”
Furthermore, the country’s current account registered a surplus of $328 million in June 2025, a notable improvement compared to an $84 million deficit in the preceding month and a $500 million deficit in June 2024.
Khurram Schehzad, adviser to the finance ministry, also shared these figures on X, emphasizing the $328 million current account surplus in June 2025. The adviser highlighted: “Country’s Current Account (CA) for June 2025 closes in $328Mn Surplus, taking full-year Surplus to over $2.1Bn — annual Surplus recorded after 14 years, and the largest Surplus in 22 years.”
Schehzad noted that textile exports increased by 7.4% year-on-year to $17.9 billion, foreign direct investment grew by 5% to $2.5 billion, and remittances surged by 27% to a record $38 billion.
According to Topline Securities, the FY25 current account surplus of $2.1 billion (0.5% of GDP) signifies a sharp reversal from a $2 billion deficit in FY24. This turnaround was primarily driven by a 27% increase in remittances and a 16% drop in the services deficit. However, the goods deficit expanded to $27 billion.
Topline added that the surplus was further boosted by record-high March remittances exceeding $4 billion and structural reforms that narrowed the exchange rate differential between official and informal channels.
“The remittances witnessed growth of 27% YoY to $38.3 billion owing to higher incentive offered to financial institutions to facilitate remittances through formal channels, increase in manpower exports, and reduced differential of exchange between official/unofficial market which encourages routing through formal channel,” Topline Securities elaborated.
The brokerage house projects a mild current account deficit of $0.5–1.5 billion (0.1–0.3 percent of GDP) for FY26.
Meanwhile, the Pakistan Bureau of Statistics (PBS) reported a 7.39% increase in textile exports during the financial year 2024-25 compared to the previous year 2023-24, reaching $17.89 billion, up from $16.66 billion.
The country also recorded monthly Information Technology (IT) exports of $338 million in June 2025, marking a 14% year-on-year and 3% month-on-month increase. Topline Securities noted in a report that IT exports in June 2025 surpassed the 12-month average of $314 million. This brings Pakistan’s total IT exports for FY25 to $3.8 billion, an 18% increase compared to $3.2 billion in FY24.
