Pakistan recorded a Pakistan current account deficit of $328 million in July 2026, according to State Bank of Pakistan data released on Tuesday. The deficit narrowed from $814 million in June.
The July shortfall was also lower than the $529 million deficit recorded during the same month last year. The June figure was revised upward from the previously reported $649 million to $814 million.
The improvement was supported by stronger goods exports, which rose 17% month-on-month and 9% year-on-year. Exports reached $3 billion, marking their highest monthly level in 19 months.
Imports remained broadly stable at $6.2 billion compared with the previous month. The combination of higher exports and stable imports helped reduce the Pakistan current account deficit during July.
Research analysts said the external account remained in deficit but showed a significant improvement on both monthly and annual comparisons. The latest figures indicate some easing in pressure on Pakistan’s external position.
During fiscal year 2025-26, Pakistan recorded a current account deficit of $139 million. This reversed a surplus of $1.84 billion reported during the previous fiscal year.
Despite record workers’ remittances in FY26, Pakistan’s external account moved into deficit because of elevated imports. Exports remained largely stagnant during the fiscal year, limiting the impact of higher inflows from overseas Pakistanis.
