In the nine months of FY25, the current account shows a 1.86 billion dollar surplus: SBP

In contrast to the deficit of $1.652 billion during the first nine months of FY 2023-24, Pakistan’s external current account balance showed a surplus of US$1.859 billion from July to March 2024-25.

The State Bank of Pakistan (SBP) said Thursday that the current account for March 2025 showed a notable improvement, with a surplus of $1.195 billion compared to a deficit of $97 million in February 2025 and a surplus of $363 million in March 2024.

According to the central bank’s provisional estimates, the cumulative balance in trade of goods from July to March 2024–25 showed a deficit of $18.728 billion, compared to a deficit of $16,165 billion over the same period in FY 24–25.

According to the data, the March 2025 balance on trade in goods was $2.181 billion, whereas the February 2025 and March 2024 deficits were $2.46 billion and $2.050 billion, respectively.

According to the data, the balance on trade of services in July-March FY24-25 showed a deficit of $2.318 billion, compared to a deficit of $2.182 billion in the nine months of FY23-24. Additionally, the services trade deficit in March 2025 was $226 million, compared to a deficit of $260 million in February 2025 and $199 million in March 2024.

During the first nine months of the current fiscal year, the total trade imbalance in goods and services was $21.046 billion, compared to $18.347 billion during the same period of the previous fiscal year.

Compared to the 2.72 billion deficit in February 2025 and the $2.841 billion deficit in March 2025, the total deficit in trade of goods and services in March 2025 was $2.407 billion.

According to SBP data, the Balance on Primary Income saw a deficit of $6.524 billion from July to March 2024–2025 compared to a deficit of $5.725 billion during the same period in the previous fiscal year.

During the first nine months of FY 2024–25, worker remittance inflows were $28.029 billion, compared to $21.038 billion during the same period of the previous fiscal year.

According to the SBP data, the balance on secondary income for the first nine months of FY 23–24 was $22.426 billion, whereas it was $29.429 billion for the July–March 24–25 period.