Latest news with #currentAccountSurplus
Zawya
2 days ago
- Business
- Zawya
Pakistan posts current account surplus of $1.9bln in July-April period
Islamabad: Pakistan recorded a current account surplus of 1.9 billion U.S. dollars during July to April of the fiscal year 2024-25, reversing a deficit of 1.3 billion US dollars in the same period last year, the Pakistan Economic Survey 2024-25 showed on Monday. The improvement was attributed to robust inflows of workers' remittances, which reached a record 31.2 billion dollars during the ten-month period, representing a 31 percent year-on-year increase. A monthly high of 4.1 billion dollars was recorded in March 2025. The country's foreign exchange reserves rose to 16.6 billion dollars as of May 30, including 11.5 billion dollars held by the State Bank of Pakistan, the survey said. Export earnings stood at 26.9 billion dollars, growing by 7 percent year-on-year, while imports rose by 11.8 percent to 48.3 billion dollars, resulting in a trade deficit of 21.3 billion dollars. The Information Technology sector contributed significantly to external receipts, with export earnings of 3.1 billion dollars during the period, including 400 million dollars generated by freelancers. The rupee remained stable at 278.72 against the U.S. dollar, supported by improved external sector indicators. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
Japan Times
12-05-2025
- Business
- Japan Times
Japan's FY2024 current account surplus hits record ¥30 trillion.
Japan's current account surplus hit a record high in fiscal 2024 as a weaker yen boosted dividend and interest flows from overseas, a Finance Ministry report showed Monday. For the year ended March, Japan posted a current account surplus of ¥30.38 trillion ($208 billion), the highest since comparable data began in 1985, according to the preliminary balance of payments report. The fiscal 2024 surplus topped the previous record of ¥26.17 trillion, set in fiscal 2023. In the primary income account, the country's surplus jumped 11.7% from the previous year to a record ¥41.71 trillion, reflecting an increase in dividend and income payments to domestic companies from their overseas subsidiaries amid the yen's depreciation against the dollar and other major currencies. In goods trade, Japan incurred a deficit of ¥4,05 trillion, wider than the previous year's deficit of ¥3.69 trillion. Exports climbed 4.1% to ¥106.24 trillion, led by shipments of semiconductor manufacturing equipment and vehicles. Imports increased 4.3% to ¥110.29 trillion, backed by demand for computers. In services trade, Japan logged a deficit of ¥2.58 trillion, smaller than the previous year's ¥3.23 trillion. While its travel account surplus hit a record ¥6.69 trillion, the deficit in digital trade, including online advertising, also reached a record level, at ¥6.97 trillion. In March alone, Japan's current account surplus grew 6.7% from a year earlier to ¥3.68 trillion, a new record high for the month.
