Pakistan’s current account balance posted a historic surplus of $1.2 billion in March 2025, marking the highest monthly surplus ever recorded, according to data released by the State Bank of Pakistan (SBP) on Thursday.
After experiencing deficits in January and February, the country’s external accounts made a remarkable turnaround last month with a precise surplus of $1.195 billion. Arif Habib Limited confirmed this as the largest monthly surplus in Pakistan’s history.
“The record monthly surplus is primarily due to the all-time high remittances of $4.1 billion received in March,” explained Mohammed Sohail, CEO of Topline Securities. This represents a significant improvement compared to the $363 million surplus recorded in March 2024.
The strong performance in March has contributed to an overall positive trend for the current fiscal year. For the first nine months of FY25 (July 2024 to March 2025), Pakistan’s current account has accumulated a surplus of $1.859 billion, representing a dramatic improvement over the $1.65 billion deficit reported during the same period in FY24.
This substantial improvement in the country’s external accounts comes despite challenges in other sectors of the economy, including an 8.4% drop in domestic gas production, as reported separately.
The positive current account figures are likely to ease pressure on Pakistan’s foreign exchange reserves and potentially strengthen the local currency. Economic analysts suggest this development could provide the government with more fiscal space to address other economic challenges.
