In November 2024, Pakistan achieved its highest monthly current account surplus in a decade at $729 million

In November 2024, Pakistan achieved its highest monthly current account surplus in a decade at $729 million, marking four consecutive months of surplus. This milestone stems from increased workers’ remittances and an improved trade balance.

Cumulatively, the first five months of FY25 posted a $944 million surplus, a stark contrast to the $1.676 billion deficit in FY24. Policies promoting exchange rate stability, enhanced reserves, and incentivized remittance channels played a key role.

This surplus strengthens foreign exchange reserves, reduces reliance on borrowing, and eases inflation. Experts highlight the need for sustained export growth and prudent economic management.