In October 2024, Pakistan reports a $349 million current account surplus.

Due to strong increase in exports and remittances, Pakistan’s current account has reported a surplus for the third consecutive month.

In October 2023, the SBP recorded a $287 million shortfall in the current account.

The current account deficit during the first four months of the previous fiscal year was $1.528 billion, indicating a significant improvement in the external financial situation of the nation.

In October, overall exports increased 11.5% to $3.71 billion from $3.33 billion in the same month the previous year. In contrast, it increased 12.6% compared to $3.3 billion in exports the month before.

Compared to last October’s $5.2 billion in imports, total imports increased 6.9% to $5.56 billion. On a monthly basis, imports decreased by 1.0%.

So, the goods and services trade imbalance decreased 1.2% from the previous year to $1.85 billion. The monthly narrowing was 20.4%.

The total trade deficit for 4MFY25 was $9.32 billion, which was 15.0% more than the $8.1 billion deficit for 4MFY24.

Compared to $12.08 billion during the same period last year, exports increased 8.5% to $13.11 billion during the first four months of the current fiscal year.