Economic Recovery: As of August 2024, Pakistan’s current account is in surplus.

August 2024 saw a 75 million dollar surplus in Pakistan’s current account as opposed to a 152 million dollar deficit during the same month in the previous fiscal year.

Remittances, which totaled 2.9 billion dollars in 2018, a 40% year-over-year increase, are credited by State Bank of Pakistan with the current account’s improvement.

In the initial two months of the current fiscal year, Pakistan’s current account deficit was recorded at 171 million dollars, a significant 81% decrease from the 893 million dollar deficit during the same period in the previous fiscal year.

Pakistan reported monthly exports of $298 million in August of 2024, a 4% increase from the previous year and a 27% year-over-year increase. In August 2024, its monthly exports exceeded the average of 275 million dollars over the previous 12 months.

from August 2024, inflows from Roshan Digital Accounts reached 165 million dollars, up from July’s 161 million dollars and August 2023’s 130 million dollars.