Pakistan records current account deficit of $328mn in July 2026
Pakistan recorded a current account deficit of $328 million in July 2026, narrowing from $814 million in June 2026 and $529 million in July 2025, according to State Bank of Pakistan (SBP) data released on Tuesday. The June deficit was also revised upward from $649 million to $814 million. The narrower deficit was supported by a 17% month-on-month (MoM) and 9% year-on-year (YoY) increase in goods…
In July 2026, Pakistan recorded a current account deficit of $328 million, a notable decrease from $814 million in the previous month and $529 million a year earlier, according to the State Bank of Pakistan (SBP). The reduction in the deficit was primarily driven by a 17% surge in goods exports, reaching $3 billion, the highest level in 19 months.
However, imports remained relatively unchanged at $6.2 billion on a month-over-month basis. The State Bank's Topline Research noted that while the current account remained in deficit, the shortfall had significantly narrowed in terms of both monthly and yearly figures. Over the financial year FY26, Pakistan experienced a marginal deficit of $139 million, marking a shift from a surplus of $1.84 billion in the previous fiscal year.
Despite the favorable export performance and record worker remittances, the country's external account ended the fiscal year in a negative position due to the persistent high levels of imports.
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