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Pakistan’s current account surplus reached $110 million in September, marking a sharp turnaround from the previous months’ deficits, according to data released by the State Bank of Pakistan (SBP) on Monday.
The SBP reported that the country’s current account, which had been in deficit during July and August, shifted to a surplus in September. The development surprised many analysts who had anticipated continued deficits in the coming months.
The September performance was also significantly better than the same period last fiscal year (FY25), when the account showed a deficit of $52 million. This indicates a gradual improvement in Pakistan’s external balance situation.
Current Account Balance recorded a surplus of $110 million in September 2025 compared to a deficit of $325 million in August 2025.https://t.co/q3LNv3HOB0https://t.co/fMcRUupUIA#SBPBOP pic.twitter.com/UTe5RoH9EN
— SBP (@StateBank_Pak) October 20, 2025
However, the SBP also noted that foreign direct investment (FDI) dropped 34 percent year-on-year during the first quarter of FY26, reflecting weak investor confidence despite the current account surplus.
The previous fiscal year (FY25) had concluded on a positive note, posting a surplus of $1.932 billion, a major relief for the government amid its dollar shortage. The improvement was largely attributed to record remittances of $38 billion, which helped stabilize the exchange rate and strengthen the central bank’s foreign reserves.
The latest current account surplus offers a promising start to FY26, signaling potential stability in external accounts if remittance inflows and exports continue to perform strongly.
