Pakistan’s current account deficit narrowed by around 70% year-on-year (YoY) to $98 million in August 2026, compared with $324 million recorded in the same month last year, according to the latest data released by the State Bank of Pakistan (SBP).
The data showed that the current account deficit stood at $445 million in July 2026, revised upward from the previously reported $328 million.
During the first two months of Fiscal Year 2026-27 (2MFY27), Pakistan recorded a cumulative current account deficit of $543 million, down 36% from $853 million during the corresponding period of the previous fiscal year.
According to Topline Securities, the improvement in August was mainly supported by a narrowing of the goods trade deficit. The goods trade deficit declined by $127 million month-on-month to approximately $3 billion.
Pakistan’s imports stood at around $5.5 billion during August, while exports were recorded at approximately $2.5 billion.
The latest figures indicate a significant monthly improvement in Pakistan’s external account position compared with August 2025, while the cumulative deficit for the first two months of FY27 also remained below the level recorded during the same period last year.
