Pakistan, June 10 -- In a rare economic turnaround, Pakistan recorded a $1.9 billion current account surplus during July-April FY2025. This marks a sharp contrast to the $1.3 billion deficit in the same period last year. The Ministry of Finance described this as a "historic achievement", last seen only in 2003 when the surplus hit $4.1 billion. Finance Minister Muhammad Aurangzeb credited the improvement to strong export performance, record-breaking remittances, and a surge in IT services exports.

The remittances sector played a key role, reaching a historic high of $4.1 billion in March alone. Overall, remittances rose by 31% to $31.2 billion during the period, supported by structural reforms and initiatives like the Roshan Digital Acco...