ISLAMABAD: Pakistan’s current account has reached a record high with a surplus of more than $1 billion for the first time in history in March 2025. This surplus is mainly based on labor remittances and a reduction in the trade deficit.
Pakistan’s trade deficit fell by 11% in March, while worker remittances increased by 30% in March. During this period, the country’s total current account surplus stood at a record $1.19 billion.
In March, Pakistan bought less than 2% of the world’s goods billion – and sold more than 6% of the world’s goods billion – to reduce its trade deficit by 11%. At the same time, the main reason for the increase in the current account surplus in March was workers’ remittances, which reached $4.5 billion in March.
Pakistan tried to control its imports to solve the problem of external payments, and the current account remained in surplus despite increasing imports by 11% this year. The 8% increase in exports has also been a major reason for this surplus.
Although Pakistan’s current account remained in surplus, the main reason for this is the nine-month worker remittances of $33 billion, which have increased by one-third compared to last year. Thanks to these remittances, Pakistan’s current account deficit remained at a surplus of $1.85 billion even after nine months of payments, compared to a deficit of $1.65 billion in the same period last fiscal year.
According to Pakistani economists, this surplus can prove to be an important step towards the country’s financial stability, and its results can have a more positive impact in the coming months.
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