Pakistan’s current account balance recorded a surplus of $12 million in April 2025, according to data released by the State Bank of Pakistan (SBP) on Friday.

The surplus comes after March’s record-breaking monthly surplus of $1.2 billion. Despite expectations of a deficit, the current account remained in positive territory last month. According to Topline Securities, the surplus persisted even as the Pakistan Bureau of Statistics (PBS) reported goods exports of $2.1 billion for April, while the SBP’s figure stood higher at $2.6 billion.

The PBS reported a total trade deficit of $3.388 billion for the month, whereas the SBP’s data showed a lower deficit of $2.6 billion.

For comparison, the current account posted a surplus of $320 million in April 2024.

Over the first ten months of the current fiscal year (10MFY25), Pakistan’s current account has accumulated a surplus of $1.9 billion—a significant turnaround from the $1.34 billion deficit recorded during the same period last year.