Record $1.2bn surplus in March

KARACHI: Pakistan recorded its highest-ever monthly current account surplus in March, with a surplus of $1.195 billion compared to $363 million in the same month last year, the State Bank data showed on Thursday.

The March surplus accounted for the largest share of the $1.859bn total surplus posted during the July-March period of the ongoing fiscal year.

The previous month also witnessed a historic inflow of remittances, which reached $4.1bn. The surge has prompted the SBP to raise...