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ISLAMABAD, Jul 18 (APP):Minister of State for Finance Bilal Azhar Kayani Friday said that the government was focused on consolidating the macroeconomic stability gains achieved during fiscal year 2025, and driving the economy towards export-led, inclusive and sustainable economic growth.
Under the leadership of Prime Minister Shehbaz Sharif, during fiscal year (FY) 2025, Pakistan has posted its first annual current account surplus in 14 years, he said in Tweet.
The last annual current account surplus was recorded in the fiscal year 2011, he added.
Pakistan has posted a current account surplus of $2.1 billion in FY 2025 compared to a deficit of $2.1 billion in FY 2024, a $4.2 billion positive swing in one year, he remarked.
He further said that this was the largest current account surplus in 22 years (since FY ‘03), adding that this major improvement in the current account balance is part of the larger macroeconomic stability and turnaround that the government has achieved during the last fiscal year.
Workers’ remittances increased by 26.6% to $38.3 billion (increase of $8 billion), during FY 2025 reflecting the confidence of Overseas’ Pakistanis in the government’s economic policies, he said adding that the exports of goods witnessed a growth of 4.2% to $32.3 billion, an increase of $1.3 billion compared to last year.
He said adding that exports of services grew by 9.1% to $8.4 billion, an increase of $703 million during FY 2025.
Meanwhile, IT & Telecom Services exports grew by 18.1% to $3.8 billion, an increase of $586 million during last year and the government is focused on consolidating the macroeconomic stability gains achieved during FY 2025, and driving the economy towards export-led, inclusive growth.