ISLAMABAD: Pakistan’s current account recorded a surplus of $720 million in November and $940 million in the first five months of the fiscal year.
According to the State Bank of Pakistan, the current account balance showed a surplus of $729 million in November 2024, marking the highest monthly surplus since February 2015.
The central bank reported that the trade, services, and income deficit amounted to $2.35 billion in November 2024. During the first five months of the fiscal year (July-November), the current account surplus reached $944 million, while the trade, services, and income deficit stood at $14.55 billion.
From July to November, the country’s exports totaled $13.28 billion, while imports amounted to $22.97 billion.
The State Bank stated that the trade deficit for the first five months of the fiscal year stood at $9.68 billion, reflecting a 10% increase compared to the same period last year.
In addition, remittances from workers abroad reached $14.76 billion in the first five months, helping cover external payments and resulting in a $940 million surplus.
The State Bank further reported that IT exports in November amounted to $324 million, marking a 2% decline compared to October.
