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       The State Bank of Pakistan (SBP) on Friday announced that Pakistan recorded a current account surplus of $2.1 billion during the current fiscal year.

       Due to the widening trade gap and higher external debt servicing, the country posted a current account deficit of $103 million in May compared to a $47m surplus in the preceding month and $1.2bn in March.

       According to SBP data, the current account saw a surplus of $2.1bn, compared to a deficit of $2.1bn during the previous fiscal year.

       Adviser to the Finance Minister Khurram Schehzad highlighted the developments in a post on X, stating that the surplus was the highest in 22 years.

       “[The] country’s current account for June 2025 closes in $328m surplus, taking full-year surplus to over $2.1bn,” he wrote.

       Schehzad added that remittances surged by 27 per cent year-on-year to reach a “historic” $38bn.

       He added that in the current fiscal year, textile exports increased by 7.4pc year-on-year to $17.9bn, while IT (information technology) and IT-enabled services exports climbed to $4.6bn — a year-on-year increase of 44pc.

       “Last, but not the least, [the] Pakistan Equities Market (KSE-100) crossed 140,000 points, making a historic mark in its history, with market value crossing Rs 16.8 trillion (close to $60bn),” he wrote.

       Meanwhile, Prime Minister Shehbaz Sharif expressed gratitude for the current account surplus, calling it “very welcome”.

       “Foreign exchange reserves have exceeded $19bn due to government measures,” he was quoted as saying in a statement from his office.

       “The main reason for the stability in current account surplus is a significant increase in remittances and exports,” he added. “Improving financial and economic indicators show that the country’s economy is on the path of stability.”

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       Commending his team, the PM said that the government is taking priority steps to provide a business and investment-friendly environment in the country, according to the statement.