Pakistan’s current account posted a deficit of $254 million in July 2025, data released by the State Bank of Pakistan (SBP) showed on Tuesday.
The deficit follows a surplus of $328 million recorded in June 2025 and compares with a deficit of $350 million in July 2024.
Pakistan closed FY25 with a $2.1-billion current account surplus, its first in 14 years, largely supported by a 27% jump in workers’ remittances to $38.3 billion.
The July 2025 deficit, however, indicates that sustaining a positive trend will depend on continued strength in remittances, stable exports, and controlled import demand.
According to SBP data, Pakistan’s exports of goods (FOB) were valued at $2.74 billion in July 2025, while imports stood at $5.42 billion, leaving a trade deficit of $2.68 billion. Exports of services were recorded at $745 million, compared to imports of $871 million, resulting in a services trade deficit of $126 million.
Workers’ remittances came in at $3.21 billion in July 2025, lower than June’s $2.99 billion, but still forming the backbone of the country’s external account.
Economists said the July shortfall highlights the challenge of sustaining the recent improvement in the current account, with stability hinging on resilient remittance inflows, steady export growth, and controlled import demand.
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