Pakistan witnessed a significant improvement in its external account in March 2025, achieving a record-high monthly current account surplus of US$1.2 billion, according to data from the State Bank of Pakistan (SBP).
This milestone was largely attributed to a remarkable rise in workers’ remittances, which hit an all-time high of US$4.1 billion during the month.
On a year-on-year basis, the current account surplus surged by 230%, significantly exceeding the $363 million recorded in March of the previous year. Brokerage firms Topline Securities and Arif Habib Limited hailed this as the “highest-ever monthly current account surplus.”
Cumulatively, Pakistan’s current account surplus reached $1.86 billion in the first nine months of FY2025, a sharp turnaround from the $1.65 billion deficit recorded during the same period of FY2024.
March 2025 also saw an 8.7% increase in total exports, amounting to $3.51 billion, compared to $3.23 billion in March 2024. Meanwhile, imports grew by 8%, reaching $5.92 billion, as per SBP data. Workers’ remittances rose by over 71% year-on-year, reaching $4.05 billion for the month, marking an extraordinary contribution to the country’s economic recovery.
