Karachi: Pakistan’s economy showed a positive trend in November 2024. The State Bank of Pakistan reported a current account surplus of $729 million. This is the highest surplus since February 2015.
Highest Surplus in Nine Years
Remittances Boost Surplus
However, the trade, services, and income deficit remained significant. It stood at $2.35 billion in November 2024. Despite this, strong remittances helped offset the deficit.\
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Five-Month Economic Performance
During the same period, the trade, services, and income deficit totaled $14.55 billion. Though the deficit remains high, the increase in remittances softened its impact.
Positive Trend Amid Challenges
Experts believe the surplus will boost investor confidence and support economic stability. However, the country must address the trade and services deficit for long-term progress.
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