KARACHI, October 21 2024: The country has reported a monthly Current Account surplus of USD 119 million for September 2024, marking the highest surplus since April 2024. This significant turnaround comes after five consecutive months of deficits and represents a notable improvement compared to a deficit of USD 218 million recorded in September 2023 and a surplus of USD 29 million in August 2024.
In the first quarter of FY25, the country’s Current Account deficit saw a dramatic reduction of 92% year-on-year, dropping to USD 98 million. This is the lowest quarterly deficit recorded since September 2020, in stark contrast to a deficit of USD 1,241 million during the same period last year.
Economic analysts view this surplus as a positive indicator of the country’s improving financial health, with experts highlighting that the decline in the deficit demonstrates effective measures being taken to stabilize the economy. The favorable results in the Current Account are expected to bolster investor confidence and provide a stronger foundation for future economic growth.
