Pakistan’s Current Account posted a record and one of the highest monthly surpluses last month with 1.19 billion dollars, which is 229 percent rise on year on year basis.
A statement issued by Advisor to Finance Minister Khurram Schehzad said the Surplus in March 2024 stood at 363 million dollars as per the State Bank of Pakistan.
With record monthly surplus last month, cumulative surplus in country’s Current Account for nine months of the current fiscal year now stands at 1.86 billion dollars, which was in a deficit of 1.65 billion dollars in the same period last year.
With Oil prices down, and remittances continuing to make a record mark, Pakistan’s Current Account is expected to be in deep Surplus by June, which may also continue in the next fiscal year. This will certainly scale-up the overall investor confidence.
