Pakistan made US 1.21 billion dollars current account surplus

Pakistan has been very lucky by dodging a technical default in early 2023 and arranging an IMF standby agreement with the IMF in mid-2023. Since then, on the external side, Pakistan has managed a fairly decent performance and posted a current account surplus because Pakistan this time cannot afford import-led growth. 

Pakistan's total exports in the month of December 2024 were US$3.83 billion, which is a 9% increase compared to December 2023, and import figures were US$5.78 million, which is an exact 15% increase compared to December 2023. Moreover, while in FY24 H1 Pakistan posted a US 1.397 billion deficit, in FY25, it posted a US 1.21 billion dollar surplus in H1. 

The real hero is remittances inflows, which is nearly a increase of 20% to 30% in 2024 compared to 2023 and helping Pakistan to avoid taking expensive loans and managing imports and not going towards current account deficit, which builds up pressure and a major reason that Pakistan's foreign reserve figures decline.  

For the month of December 2024, Pakistan recorded a US $582 million dollar surplus.