From July to December 2024, Pakistan recorded a current account surplus of US$1.21 billion, as per the State Bank of Pakistan (SBP). This is a major improvement compared to the same period last year when the country faced a deficit of US$1.039 billion.
The surplus trend continued with December 2024 showing a surplus of US$582 million, while November 2024 recorded US$684 million. This positive shift is due to increased remittances, higher export earnings, and reduced imports.
On January 10, 2025, the SBP reported that Pakistan’s total liquid foreign reserves had risen to US$16.45 billion. This growth in reserves highlights an improvement in the country’s financial position.
These developments indicate stronger economic stability for Pakistan. Despite global and domestic challenges, the rise in remittances and exports, coupled with efforts to cut down on imports, has helped Pakistan achieve better financial outcomes. The current account surplus and growing foreign reserves reflect a more resilient and stable economy heading into 2025.
