Adviser to the Finance Minister Khurram Schehzad says Pakistan has recorded a fiscal surplus of 1.274 trillion rupees, equivalent to 0.9 percent of GDP, during the first quarter of the current fiscal year.

In a post on social media platform X, he said the country also recorded a primary surplus of 2.974 trillion rupees, equivalent to 2.1 percent of GDP, during the same period.

He said the primary surplus exceeded the budget target by 239 billion rupees, reflecting an improvement of 8.7 percent.

Khurram Schehzad said Pakistan has recorded fiscal surpluses in the first quarters of the last three consecutive fiscal years, reversing a trend of 23 consecutive years of first-quarter fiscal deficits from 2002 to 2024.

He said the fiscal surplus stood at 1.896 trillion rupees in the first quarter of Financial Year 2025 and 2.119 trillion rupees in the corresponding period of Financial Year 2026.

He added that the last three years also recorded the highest first-quarter primary surpluses in twenty-six years, with each exceeding 2.9 trillion rupees.

Highlighting the achievements of Fiscal Year 2026, the Finance Minister's Adviser said the fiscal deficit stood at 2.6 percent of GDP, the lowest in twenty-two years, while the primary surplus reached 2.9 percent of GDP, the highest since at least Fiscal Year 2001.

He said Pakistan also recorded three consecutive annual primary surpluses from 2024 to 2026, while interest expenditure declined by twenty-two percent during Fiscal Year 2026.

Khurram Schehzad said despite tax relief measures introduced in the Fiscal Year 2027 budget, tax collections during the first quarter exceeded the target, while government expenditure remained rationalized.

He said Pakistan's fiscal performance is increasingly being defined by sustained financial discipline rather than isolated improvements.