Pakistan achieved a remarkable milestone by posting a current account surplus of $2.1 billion for fiscal year 2024-25, marking the first time in 14 years that the country has recorded a full-year surplus, according to data released by the State Bank of Pakistan (SBP) on Friday.

The achievement represents Pakistan’s highest current account surplus since FY03, according to brokerage house Arif Habib Limited (AHL). This dramatic turnaround comes after the country recorded a current account deficit of $2 billion in the previous fiscal year (FY24).

June 2025 alone contributed a surplus of $328 million, a significant improvement from the $500 million deficit recorded in June 2024 and the $84 million surplus in May 2025.

Remittances Drive Historic Achievement

While Pakistan posted marginally higher exports during the year, the primary driver behind this historic surplus was the surge in remittances from overseas Pakistanis, which jumped by over 25 percent during FY25.

This unprecedented current account performance signals a strengthening of Pakistan’s external sector and provides crucial breathing room for the country’s foreign exchange reserves and overall economic stability.