Karachi, April 17, 2025 — In a significant boost to its economic outlook, Pakistan recorded its highest-ever monthly current account surplus in March 2025, signaling improved external sector stability.
According to the latest balance of payments data released by the State Bank of Pakistan (SBP), the country posted a current account surplus of $1.2 billion for the month — the largest on record. This historic figure marks a sharp turnaround from a deficit of $97 million in February 2025 and reflects growing momentum in key foreign exchange inflows.
Mohammad Sohail, CEO of Topline Securities, attributed this record surplus to unprecedented remittance inflows. “Pakistan received an all-time high of $4.1 billion in remittances during March 2025,” he stated, noting the crucial role of overseas Pakistanis in supporting the national economy.
The remittance figure represents a substantial 39% year-on-year increase from $2.95 billion recorded in March 2024. This surge is widely seen as a result of policy measures by the SBP and the government to incentivize formal channels for remittance transfers.
Over the first nine months of the fiscal year 2024-25 (July–March), Pakistan posted a cumulative current account surplus of $1.86 billion, a remarkable recovery compared to the $1.65 billion deficit during the same period last year.
In addition to remittances, an uptick in exports also contributed to the improved balance of payments. As per the Pakistan Bureau of Statistics (PBS), exports grew by 8% year-on-year, reaching $24.72 billion. Imports, meanwhile, also rose by 6.6% to $42.7 billion, leading to a trade deficit of $17.98 billion — slightly higher than last year’s $17.13 billion.
Despite the increase in imports, the strong inflow of remittances and higher export earnings helped Pakistan maintain a healthy external position. The historic surplus in March reflects growing confidence in Pakistan’s economic fundamentals and bodes well for macroeconomic stability in the months ahead.
