Karachi, July 18, 2025 – In a major economic milestone, Pakistan has registered a current account surplus of $2.11 billion for the fiscal year 2024–25, according to official data released by the State Bank of Pakistan (SBP).
This marks a remarkable turnaround from the previous fiscal year’s deficit of $2.07 billion, and an even more significant improvement compared to the $3.27 billion deficit recorded in 2022–23.
The surplus comes as a result of robust growth in exports and a sharp rise in workers’ remittances, which have played a key role in strengthening the country’s external balance. The SBP highlighted that this is the first time in over two decades that Pakistan has posted a current account surplus of this magnitude, indicating a shift toward a more stable macroeconomic environment.
Prime Minister Shehbaz Sharif welcomed the development, calling it a “very positive achievement” and attributing the success to prudent policies and strict fiscal discipline. “The current account surplus has reached the highest level in 22 years. This reflects the success of the government’s economic reforms and stabilisation measures,” he said in a statement on Friday.
He also noted that Pakistan’s foreign exchange reserves have now exceeded $19 billion, adding strength to the country’s financial outlook. “Improving financial and economic indicators show that the national economy is gradually returning to stability,” the prime minister added.
The premier emphasized that the surplus has been largely driven by policy support for exporters and facilitation for overseas Pakistanis who send remittances. “Our efforts to create a business and investor-friendly environment are bearing fruit,” he said. “The performance of the government’s economic team is commendable.”
Experts believe that Pakistan’s surplus will help ease pressure on the rupee, reduce dependency on external financing, and create space for future growth initiatives. The SBP is expected to continue supporting policies that reinforce export competitiveness and maintain external account stability.
As Pakistan moves forward, maintaining this surplus will be crucial for long-term economic resilience, and the government appears determined to preserve this momentum through structural reforms and strategic investments.
