$582 Million of Current Account Surplus Recorded

Pakistan is on a streak of positive developments. The State Bank of Pakistan (SBP) has announced that the current account surplus for December 2024 was $582 million. This marks the fifth month in a row that exports have been higher than imports, showing increased stability in the nation.

Pakistan is experiencing rapid growth in every sense and this is good news for investors everywhere. For overseas Pakistanis interested in real estate, we at One Homes are creating something just for you. We are building first-of-its-kind luxury apartments in Pakistan! They are meant to provide overseas Pakistanis the lifestyle they know from the West, in their home country. We are enabling you to own a part of your homeland while you enjoy the perks of Pakistan’s growth story. 

Current Account Surplus Hints at Changing Times in Pakistan

We saw a growth of 109% in the current account surplus of Pakistan. The country registered an account surplus of $582 million in December 2024 as compared to a $279 million surplus in December 2023. The surplus in the first half of FY25 has so far reached $1.21 billion. This is a major turnaround in the opposite direction from last year's deficit of $1.397 billion.

Here is a breakdown of the numbers that led to the surplus:

• Remittances: There was a 29% year-on-year increase in remittances with a total of $3.079 billion in December 2024. For the first half of FY25, the total stood at $17.85 billion, showing an increase of 33% over last year. 
• Exports: Total exports of goods and services for December 2024 amounted to $3.838 billion. This reflected an increase of 9% compared to the previous year. The total for the first half of FY25 was recorded at $20.28 billion.
• Imports: December 2024 imports stood at $5.781 billion, an increase of 15% over last year; while total imports in the FY25 first half amounted to $33.38 billion.

Economists attribute the positive trends to increased remittances and better trade balance management.

What’s Driving the Economic Turnaround?

The factors that contributed to this improvement are:

1. Formal Channels for Remittances: The government has employed official banking systems for remittances to limit informal transactions
2. Stable Exchange Rates: Since there is little to no difference between open market and interbank rates, enabling the use of only formal remittance channels.
3. Textile Exports: There is a global increase in textile orders. Exports now average at $1.65 billion monthly in textiles, up from $8 billion to $9.5 billion year-on-year.
4. Stock Market Gains: Investor confidence has been increasing since The Pakistan Stock Exchange (PSX) went up by over 1,000 points during early trading last Friday.
5. Currency Stability: The US dollar and Pakistani rupee exchange rate closed at 278.65 in the interbank market, indicating rupee appreciation.

These factors indicate progress toward stabilising the economy.

What This Means for Pakistan Investment Opportunities

The positive trends in remittances, exports, and currency stability create a strong case for investing in Pakistan. Real estate, in particular, is set to benefit from this economic momentum. Cities, including Lahore and Islamabad, have become investment hubs with increasing interest in modern housing options. For overseas Pakistanis, investing in property in their homeland is a combination of both a financial choice and an emotional choice.

One Homes is committed to building luxury developments that reflect overseas Pakistanis' aspirations. In this way, the project becomes a perfect avenue to reconnect with your culture in modern and comfortable lifestyles.

Don’t miss this chance to invest in Pakistan’s real estate market. Explore One Homes developments and discover how you can make the most of the country’s economic progress.