• July-April surplus still high at $1.88bn compared to $1.337bn deficit a year ago
• Foreign direct investment plummets to $140.8m in April from $394.5m last year

KARACHI: The country’s current account recorded a surplus of $12 million in April, helping the cumulative surplus for the first 10 months of the current fiscal year to reach $1.88 billion, the State Bank of Pakistan (SBP) said on Friday.

Although April’s surplus was a steep decline from the record $1.2bn posted in March and $315m in April last year, it remained in positive territory.

From July to April of fiscal year 2024-25, the current account posted a net surplus of $1.88bn, a significant turnaround from a $1.337bn deficit during the same period last year.

Financial experts attributed the reduced surplus in April primarily to a record trade deficit of $3.388bn in March. The........

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