Pakistan’s current account deficit shrank significantly to $103 million in May 2025, marking a 56 percent improvement compared to a deficit of$235 million in the same month last year, according to data released by the State Bank of Pakistan (SBP) on Tuesday.
For the 11-month period from July 2024 to May 2025, the current account posted a surplus of$1.8 billion, a notable turnaround from a deficit of$1.572 billion during the corresponding period last year.
Exports, however, declined by 19 percent year-on-year in May, falling to$2.4 billion from$3 billion in May 2024. Despite this monthly drop, exports for the 11-month period increased by 4 percent to$29.6 billion.
Imports rose by 9 percent year-on-year in May 2025, reaching$5.4 billion compared to$5 billion in May 2024. Over the 11 months, imports surged by 11 percent to$54 billion.
Workers’ remittances showed strong growth, increasing by 14 percent to$3.6 billion in May 2025. For the 11-month period, remittances rose by 29 percent to$34.9 billion, providing a vital boost to the country’s foreign exchange reserves.
