Pakistan’s ongoing account issued a $ 1.2 billion record surplus in March 2025, reversing a revised $ 97 million deficit from the previous month, data released by the State Bank of Pakistan (SBP) showed Thursday.

On an annual basis, the profits rose 230% from $ 363 million registered in March 2024.

According to brokerage companies Topline Securities and ARIF HABIB LIMITED, March 2025 marked the “profits everywhere ever” in the country’s history.

The robust performance brought the cumulative surplus to the current account to $ 1.86 billion over the first nine months of FY2024–25, a sharp turn from a loss of $ 1.65 billion in the same period of the previous financial year.

“With oil prices down and transfers that hit record levels, Pakistan’s ongoing account is expected to remain in profits through June FY25 and possibly to FY26, which supports the overall investor confidence,” said Khurram Schehzad, adviser to the Finance Minister.

Exports of goods and services in March amounted to $ 3.51 billion, an increase of 8.7% from $ 3.23 billion in the same month last year. Imports rose 8% years to year to $ 5.92 billion.

Workers’ transfers rose to $ 4.05 billion in March, marking a more than 71% increase from the previous year, a key factor in the ongoing account -turning.

Analysts say that low economic growth, sustained high inflation, tight monetary policy and import restrictions have all contributed to narrowing the deficit in the ongoing account along with improvement of exports.