Pakistan’s technology exports reached $4.2 billion during the first 11 months of FY2026, while the country posted a current account surplus of $459 million in May, according to figures shared on Wednesday by Adviser to the Finance Minister Khurram Schehzad.

In a post on X, Schehzad said technology exports stood at $373 million in May 2026, reflecting a 13% year-on-year increase. He added that cumulative exports for the first 11 months of the fiscal year reached $4.2 billion, up 20% compared with the same period last year.

He said technology exports are expected to exceed $4.5 billion by the end of FY2026, describing the sector as one of Pakistan’s “strongest export success stories”.

According to Schehzad, the technology sector is driving digital transformation, creating high-value employment and expanding Pakistan’s footprint in global technology markets.

“With continued policy certainty and support in Budget FY27, the sector is well-positioned to sustain double-digit growth, attract greater investment, and further strengthen Pakistan’s standing as a leading global technology destination,” he wrote.

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In a separate post, Schehzad highlighted an improvement in Pakistan’s external account position, saying the country recorded a current account surplus of $459 million in May 2026.

The latest figure marked a sharp turnaround from a deficit of $276 million in April 2026 and a significant improvement from the $44 million deficit recorded in May 2025, according to the data shared by the adviser.

Schehzad said Pakistan’s current account had posted a cumulative surplus of $255 million during the first 11 months of FY2026 (July–May).

He noted that the external account had shown sustained improvement in recent months, with Pakistan recording “four surpluses in five months”.

According to Schehzad, a stronger external account provides the foundation for sustainable economic growth and greater macroeconomic stability.