{"id":7474,"date":"2025-07-19T06:09:10","date_gmt":"2025-07-19T06:09:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/7474\/"},"modified":"2025-07-19T06:09:10","modified_gmt":"2025-07-19T06:09:10","slug":"pakistan-records-annual-current-account-surplus-of-2-1bn-state-bank-pakistan","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/7474\/","title":{"rendered":"Pakistan records annual current account surplus of $2.1bn: State Bank – Pakistan"},"content":{"rendered":"

The State Bank of Pakistan (SBP) on Friday announced that Pakistan recorded a current account surplus of $2.1 billion during the current fiscal year.<\/p>\n

Due to the widening trade gap and higher external debt servicing, the country posted<\/a> a current account deficit of $103 million in May compared to a $47m surplus in the preceding month and $1.2bn in March.<\/p>\n

According to SBP data<\/a>, the current account saw a surplus of $2.1bn, compared to a deficit of $2.1bn during the previous fiscal year.<\/p>\n

Adviser to the Finance Minister Khurram Schehzad highlighted the developments in a post on X, stating that the surplus was the highest in 22 years.<\/p>\n

\u201c[The] country\u2019s current account for June 2025 closes in $328m surplus, taking full-year surplus to over $2.1bn,\u201d he wrote.<\/p>\n

Schehzad added that remittances surged by 27 per cent year-on-year to reach a \u201chistoric\u201d $38bn.<\/p>\n

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

\u201cLast, but not the least, [the] Pakistan Equities Market (KSE-100) crossed 140,000 points, making a historic mark in its history, with market value crossing Rs 16.8 trillion (close to $60bn),\u201d he wrote.<\/p>\n

Meanwhile, Prime Minister Shehbaz Sharif expressed gratitude for the current account surplus, calling it \u201cvery welcome\u201d.<\/p>\n

\u201cForeign exchange reserves have exceeded $19bn due to government measures,\u201d he was quoted as saying in a statement from his office.<\/p>\n

\u201cThe main reason for the stability in current account surplus is a significant increase in remittances and exports,\u201d he added. \u201cImproving financial and economic indicators show that the country\u2019s economy is on the path of stability.\u201d<\/p>\n

Commending his team, the PM said that the government is taking priority steps to provide a business and investment-friendly environment in the country, according to the statement.<\/p>\n","protected":false},"excerpt":{"rendered":"The State Bank of Pakistan (SBP) on Friday announced that Pakistan recorded a current account surplus of $2.1…\n","protected":false},"author":2,"featured_media":7475,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":["post-7474","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/7474","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=7474"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/7474\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/7475"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=7474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=7474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=7474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}