Prime Minister Shehbaz Sharif has welcomed a major milestone in Pakistan’s economic journey, announcing that the country recorded a current account surplus of $2.1 billion in the fiscal year 2024-25. He emphasized that this is the highest current account surplus achieved in over two decades, reflecting significant improvement in the nation’s financial and economic health.
Strong Growth in Remittances and Exports
Speaking on the reasons behind this remarkable achievement, the Prime Minister credited the sharp increase in remittances from overseas Pakistanis and the steady rise in exports as the key drivers of this economic turnaround. He noted that both sectors have outperformed expectations and continue to play a vital role in strengthening the country’s balance of payments.
The consistent flow of remittances has not only stabilized the exchange rate but also supported household incomes across Pakistan. At the same time, growth in exports has demonstrated that Pakistani products are gaining momentum in global markets, helping to reduce the trade deficit and improve foreign exchange reserves.
Economic Indicators Show Promising Trends
Prime Minister Shehbaz Sharif emphasized that this current account surplus is part of a broader set of positive trends in the economy. He pointed out that financial and macroeconomic indicators are showing signs of stability, including improvements in inflation control, fiscal management, and the trade balance.
According to the Prime Minister, this surplus marks a shift towards a more sustainable economic future, one that is built on real economic activity rather than short-term borrowing or debt accumulation. It reflects the success of recent government policies aimed at improving transparency, boosting investor confidence, and reducing import dependency.
Government’s Proactive Measures for a Stronger Economy
In his statement, the Prime Minister reaffirmed the government’s commitment to creating a business-friendly environment that supports long-term growth. He said that improving the ease of doing business, supporting exports, encouraging industrial development, and reducing unnecessary red tape remain top priorities.
Shehbaz Sharif also highlighted ongoing reforms in the taxation system, as well as initiatives to attract both local and foreign investment. These efforts, he explained, are designed to diversify the economy, enhance competitiveness, and increase employment opportunities, particularly in the manufacturing and services sectors.
Recognition of the Economic Team’s Efforts
The Prime Minister took a moment to commend the efforts of the government’s economic team, whose focused planning and tireless dedication played a key role in achieving the surplus. Their work in budget discipline, export promotion, and remittance facilitation has helped put the economy on a stronger foundation.
He emphasized that this success is not only a statistical achievement but also a reflection of the government’s commitment to sound financial management and long-term economic stability.
Moving Forward with Confidence
Looking to the future, PM Shehbaz Sharif expressed confidence in the continued recovery of Pakistan’s economy. He stressed the importance of building on this momentum by further expanding export markets, encouraging small and medium-sized enterprises, and supporting technological innovation.
The Prime Minister also urged for continued collaboration with the private sector, development partners, and international institutions to ensure that the gains made are both sustainable and inclusive.
A Path Toward Economic Renewal
With the current account surplus reaching its highest level in 22 years, Pakistan is entering a new phase of economic confidence and recovery. The government’s focus on prudent policy, private sector engagement, and strong fiscal management is showing results.
PM Shehbaz Sharif concluded by stating that this is just the beginning of a brighter economic future. Through continued reform, innovation, and resilience, Pakistan can move forward toward greater stability, prosperity, and global economic integration.
