{"id":77497,"date":"2025-07-20T07:59:22","date_gmt":"2025-07-20T07:59:22","guid":{"rendered":"https:\/\/www.europesays.com\/us\/77497\/"},"modified":"2025-07-20T07:59:22","modified_gmt":"2025-07-20T07:59:22","slug":"pakistan-records-annual-current-account-surplus-of-2-1bn-official-data","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/77497\/","title":{"rendered":"Pakistan records annual current account surplus of $2.1bn: Official data"},"content":{"rendered":"

\"Pakistan\u2019s<\/p>\n

\n Pakistan\u2019s Prime Minister Shehbaz Sharif. File
\n | Photo Credit: Reuters\n <\/p>\n

Pakistan<\/a> recorded a current account surplus of $2.1 billion during the current fiscal year ending June 30, 2025, according to official data. Prime Minister Shehbaz Sharif hailed the development as a sign of an improving economy.<\/p>\n

The country faced a perennial issue of balance of payment and periodically rushed to the International Monetary Fund (IMF) and other financial institutions to get monetary support.<\/p>\n

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The latest data of the State Bank of Pakistan (SBP) on Friday (July 18, 2025) showed the current account surplus was recorded at $2.1 billion, compared to a deficit of $2.1 billion during the previous fiscal year.<\/p>\n

It was apparently achieved following a strict policy to discourage unnecessary imports of luxury items, which were a drain on the current account. Other factors included encouraging remittances by expats and promoting exports of traditional and IT-related items.<\/p>\n

Advisor to the Finance Minister Khurram Schehzad took to X to announce that the surplus was the highest in 22 years. \u201c[The] country\u2019s current account for June 2025 closes in a $328m surplus, taking the full-year surplus to more than 2.1bn,\u201d he wrote. Mr. Schehzad added that remittances surged by 27% year-over-year to reach a \u201chistoric\u201d $38 billion.<\/p>\n

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He said that in the current fiscal year, textile exports increased by 7.4% year-over-year to $17.9 billion, while IT (information technology) and IT-enabled services exports climbed to $4.6 billion \u2014 a year-over-year increase of 44%.<\/p>\n

\u201cLast, but not the least, Pakistan Equities Market (KSE-100) crossed 1,40,000 points, making a historic mark in its history, with market value crossing \u20b916.8 trillion (close to $60bn),\u201d he wrote. Prime Minister Sharif expressed gratitude for the current account surplus, calling it \u201cvery welcome.\u201d<\/p>\n

Foreign exchange reserves have exceeded $19 billion due to government measures,\u201d he was quoted as saying in a statement from his office. \u201cThe main reason for the stability in current account surplus is a significant increase in remittances and exports,\u201d he added.<\/p>\n

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\u201cImproving financial and economic indicators show that the country\u2019s economy is on the path of stability.\u201d Mr. Sharif said the government is taking priority steps to provide a business and investment-friendly environment in the country.<\/p>\n

Despite the positive development, Pakistan still needs to do a lot, as it is in the middle of an IMF programme of $7 billion. The 39-month Extended Fund Facility binds it to carry out several reforms, including ending subsidies and privatising several loss-making entities. <\/p>\n

Published – July 19, 2025 12:10 pm IST<\/p>\n","protected":false},"excerpt":{"rendered":"Pakistan\u2019s Prime Minister Shehbaz Sharif. File | Photo Credit: Reuters Pakistan recorded a current account surplus of $2.1…\n","protected":false},"author":3,"featured_media":77498,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[64,53622,79,53617,53618,53619,53616,53620,53621,67,132,68],"class_list":{"0":"post-77497","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-current-account-surplus-of-pakistan","10":"tag-economy","11":"tag-pakistan-annual-current-account-surplus","12":"tag-pakistan-current-account-surplus","13":"tag-pakistan-prime-minister","14":"tag-pakistan-records-annual-current-account-surplus","15":"tag-shehbaz-sharif","16":"tag-shehbaz-sharif-appreciates-current-account-surplus","17":"tag-united-states","18":"tag-unitedstates","19":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114884507341303816","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/77497","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=77497"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/77497\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/77498"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=77497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=77497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=77497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}