Pakistan’s current account recorded its highest-ever monthly surplus of $1.2 billion in March, primarily due to a surge in remittances.
Earlier this week, State Bank of Pakistan (SBP) Governor Jameel Ahmad announced that the country had received $4.1 billion in remittances from overseas Pakistanis in March. Analysts have attributed the surge to Eidul Fitr, as well as a greater use of formal banking channels.
According to the SBP data, the country’s current account surged to $1.2 billion in March on the back of the remittances, its highest-ever monthly hike. Year-on-year, the current account surged from $363 million in March 2024 to $1.2 billion in March 2025. On a monthly basis, it climbed from a deficit of $97 million in February 2025.
Overall, for the first nine months of fiscal year 2024-25, the country has posted a current account surplus of $1.86 billion, against a deficit of $1.65 billion during the same period last year.
Earlier, the central bank governor had announced that he expected the current account for the ongoing fiscal year to range from -0.5 to 0.5% of GDP.