{"id":103069,"date":"2025-08-15T11:48:00","date_gmt":"2025-08-15T06:48:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=103069"},"modified":"2025-08-13T15:51:37","modified_gmt":"2025-08-13T10:51:37","slug":"pakistan-economy-records-turnaround-iqbal","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/pakistan-economy-records-turnaround-iqbal.html","title":{"rendered":"Economy records turnaround as current account swings to surplus"},"content":{"rendered":"\n<p>Islamabad: Pakistan has recorded a current account surplus of USD 2.1 billion in FY2025, compared to a deficit of USD 2.1 billion in the previous fiscal year, marking a USD 4.2 billion turnaround \u2014 the highest surplus in 22 years, Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal announced on Tuesday.<\/p>\n\n\n\n<p>Speaking at the launch of the <em>Monthly Development Update \u2013 August 2025<\/em>, the minister said the country\u2019s economy had entered a phase of sustained stability, with all major macroeconomic indicators showing positive trends this year.<\/p>\n\n\n\n<p>According to Iqbal, remittances in July 2025 rose 7.4% year-on-year to USD 3.2 billion, while exports grew 17% to USD 2.7 billion. On the fiscal side, the deficit fell to 5.4% of GDP \u2014 the lowest in eight years \u2014 and the primary balance posted a surplus of 2.4% of GDP, the highest in 24 years.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/imf-pushes-for-overhaul-of-remittances-initiative.html\" target=\"_blank\" rel=\"noreferrer noopener\">IMF pushes for overhaul of remittances initiative<\/a><\/p>\n\n\n\n<p>Development spending reached Rs1,068 billion in FY2025, achieving a 98% utilisation rate of authorised allocations. Inflation also dropped sharply, with the Consumer Price Index (CPI) falling to 4.1% in July 2025 from 11.1% a year earlier, and the annual inflation rate down from 38% to just 4%.<\/p>\n\n\n\n<p>Iqbal highlighted that the Pakistan Stock Exchange crossed the 141,000-point mark on August 1, aided by a new trade agreement with the United States securing the lowest tariff rates in South Asia.<\/p>\n\n\n\n<p>The minister also announced the successful launch of Pakistan\u2019s Remote Sensing Satellite from China on July 31, 2025, aimed at supporting agriculture monitoring, urban planning, disaster management, and climate change analysis. He added that Pakistan\u2019s first astronaut is expected to conduct scientific experiments in collaboration with China in 2026.<\/p>\n\n\n\n<p>On the policy front, the government plans to focus PSDP 2025\u201326 spending on export-led, technology-driven projects with emphasis on youth and women empowerment, climate resilience, and inclusive growth.<\/p>\n\n\n\n<p>International financial institutions and rating agencies have acknowledged the country\u2019s economic recovery, with Fitch, Moody\u2019s, and S&amp;P upgrading Pakistan\u2019s ratings and outlook. US financial magazine <em>Barron\u2019s<\/em> described the turnaround as a \u201cmacroeconomic miracle.\u201d<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/pakistan-posts-historic-current-account-surplus.html\" target=\"_blank\" rel=\"noreferrer noopener\">Pak posts historic current account surplus<\/a><\/p>\n\n\n\n<p>Iqbal concluded that the government aims to sustain this momentum through structural reforms, disciplined fiscal management, and stronger international partnerships to ensure long-term economic resilience.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Pakistan has recorded a current account surplus of USD 2.1 billion in FY2025, compared to a deficit of USD 2.1 billion in the previous fiscal year, marking a USD 4.2 billion turnaround \u2014 the highest surplus in 22 years, Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal announced on Tuesday. Speaking at the launch of the Monthly Development Update \u2013 August 2025, the minister said the country\u2019s economy had entered a phase of sustained stability, with all major macroeconomic indicators showing positive trends this year. According to Iqbal, remittances in July 2025 rose 7.4% year-on-year to USD 3.2 billion, while exports grew 17% to USD 2.7 billion. On the fiscal side, the deficit fell to 5.4% of GDP \u2014 the lowest in eight years \u2014 and the primary balance posted a surplus of 2.4% of GDP, the highest in 24 years. Read: IMF pushes for overhaul of remittances initiative Development spending reached Rs1,068 billion in FY2025, achieving a 98% utilisation rate of authorised allocations. Inflation also dropped sharply, with the Consumer Price Index (CPI) falling to 4.1% in July 2025 from 11.1% a year earlier, and the annual inflation rate down from 38% to just 4%. Iqbal&hellip;<\/p>\n","protected":false},"author":18,"featured_media":102812,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[5109,67342,37671,7498,46247,67337,60863,60051,67338,62145,67341,34475,60654,53345,65146,67339,66629,62427,67340],"persona":[],"class_list":{"0":"post-103069","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-ahsan-iqbal","9":"tag-credit-rating-upgrade","10":"tag-current-account-surplus","11":"tag-economic-growth","12":"tag-economic-stability","13":"tag-economic-turnaround","14":"tag-export-growth","15":"tag-fiscal-deficit","16":"tag-fy2025","17":"tag-inflation-decline","18":"tag-macroeconomic-indicators","19":"tag-pakistan-economy","20":"tag-pakistan-finance-news","21":"tag-pakistan-stock-exchange","22":"tag-psdp-2025-26","23":"tag-remittances-growth","24":"tag-remote-sensing-satellite","25":"tag-structural-reforms","26":"tag-us-trade-agreement","27":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pakistan economy records turnaround: Iqbal - Zameen News<\/title>\n<meta name=\"description\" content=\"Iqbal concluded that the government aims to sustain this momentum through structural reforms, disciplined fiscal management...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/pakistan-economy-records-turnaround-iqbal.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pakistan economy records turnaround: Iqbal - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Iqbal concluded that the government aims to sustain this momentum through structural reforms, disciplined fiscal management...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/pakistan-economy-records-turnaround-iqbal.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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