Pakistan's current account shows surplus for second consecutive month
SBP reported current account of $119 million in September

Haris Zamir
Business Editor
Experience of almost 33 years where started the journey of financial journalism from Business Recorder in 1992. From 2006 onwards attached with Television Media worked at Sun Tv, Dawn Tv, Geo Tv and Dunya Tv. During the period also worked as a stringer for Bloomberg for seven years and Dow Jones for five years. Also wrote articles for several highly acclaimed periodicals like the Newsline, Pakistan Gulf Economist and Money Matters (The News publications)

Pakistan's current account showed a surplus for the second month in a row, thanks to higher exports and remittances. This is the highest surplus since April 2024.
The State Bank of Pakistan (SBP) reported on Monday that the current account had a surplus of $119 million in the last month, compared to a deficit of $218 million in September 2024.
In the first quarter of the current fiscal year, the current account had a small deficit of $98 million. This is a big improvement from the same quarter last year, which had a deficit of $1.241 billion. This quarter's deficit is the lowest in four years, since the July to September 2020 quarter.
Remittances showed significant gains, with a $2.455 billion increase in the first quarter, reaching $8.787 billion. Exports also increased by nearly $544 million, totaling $7.496 billion for the quarter.
For the year ending June 30, 2024, remittances were around $30.251 billion and exports were about $30.976 billion.
The State Bank of Pakistan and the IMF predict that the current account deficit for this fiscal year might be around 1% of GDP. They also expect the economy to grow by 3.5%, up from 2.24% last year.
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