Pakistan recorded a current account deficit of $139 million during fiscal year 2025-26, reversing the $1.84 billion surplus posted in the previous fiscal year, while in the month of June, the deficit stood at $649, according to data released by the State Bank of Pakistan (SBP) on Friday.
Despite receiving record-high workers’ remittances, the country’s external account slipped into deficit as a sharp rise in imports outweighed stagnant exports during the fiscal year.
Current Account Balance (CAB) recorded a deficit of $649 million in Jun 2026 compared to a surplus of $500 million in May 2026, and a surplus of $220 million in June 2025. Cumulatively, CAB recorded a deficit of $139 million during FY26 compared to a surplus of $1,838 million in… pic.twitter.com/JAUwTEvDmN
— SBP (@StateBank_Pak) July 17, 2026
Earlier, SBP Governor Jameel Ahmad had expressed confidence that the current account would remain balanced or post a surplus for a second consecutive year, providing further support to economic activity and growth during FY2025-26.
Pakistan’s exports of goods and services totaled $40.88 billion during FY2025-26, compared with $40.79 billion in the previous fiscal year, reflecting a marginal increase of 0.2%.
Meanwhile, imports of goods and services rose to $76.39 billion, up from $70.43 billion a year earlier, marking an increase of approximately 8.5%.
Overseas Pakistanis sent home a record $41.59 billion in remittances during FY2025-26, an increase of 8.6% from $38.3 billion received in the previous fiscal year. Despite the widening trade deficit, the record inflow of remittances provided major support to the country’s external financial position.
