C/A slips into $420m deficit

Pakistan's current account slipped into a deficit of $420 million in January 2025, marking the highest monthly deficit since June 2024. This comes after the country posted a surplus of $474 million in December 2024, reflecting renewed pressure on the external account amid rising imports and foreign payment obligations. Supported by robust remittances, the country's current account posted a surplus of $682 million during the first seven months of fiscal year 2024-25 (7MFY25), a significant turnaround from the $1,801 million deficit recorded in the same period of last year. Pakistan's current account balance for January 2025 recorded a deficit of $420 million, marking a 4% year-on-year increase compared to the $404 million deficit in January 2024.