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Pakistan Achieves $582M Current Account Surplus, Fifth Month in Row

1/18/2025

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Summary

Story summary

Pakistan celebrated a remarkable current account surplus of $582 million in December 2024, soaring 109% from $279 million a year prior. This achievement marks the fifth straight month of surplus, propelling the total to $1.21 billion for the first half of FY25, a stunning recovery from last year's $1.397 billion deficit.

History

Historical Context

Pakistan's current account surplus of $582 million in December 2024 reflects a significant turnaround from last year's $1.397 billion deficit. Historically, Pakistan has faced economic volatility, often reliant on IMF bailouts since 1950. This surplus signals a potential stabilization amid ongoing trade challenges and previous fiscal crises.

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Story summary

Pakistan celebrated a remarkable current account surplus of $582 million in December 2024, soaring 109% from $279 million a year prior. This achievement marks the fifth straight month of surplus, propelling the total to $1.21 billion for the first half of FY25, a stunning recovery from last year's $1.397 billion deficit.

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