Current account posts highest surplus in 9 years

KARACHI: The current account posted a nine-year-high surplus in March, making it possible for the country to bring down the overall deficit to below $1 billion during the July-March period of FY24.

The March surplus was much higher than February’s $98m.

The latest data issued by the State Bank on Monday shows the current account was $619 million in surplus last month — a rise of 15.3 per cent over $537m recorded in March 2023. The account had posted a surplus of $801m in Feb 2015.