In a positive development for Pakistan’s economy, the country posted a current account surplus of $1.812 billion during the first 11 months of the fiscal year 2024-25, according to data released by the State Bank of Pakistan (SBP).

The SBP noted a marked improvement compared to the same period in the previous fiscal year, when the current account recorded a deficit of $1.572 billion.

While May 2024 saw a deficit of $103 million, the current account had posted a surplus of $47 million in April 2024.

In contrast, May 2023 had recorded a much higher deficit of $235 million.

Economists have viewed the turnaround as a positive development.