Pakistan posts $1.07bn current account surplus in March 2026

Pakistan recorded a current account surplus of $1.07 billion in March 2026, according to data released by the State Bank of Pakistan (SBP) on Thursday.

This takes 9MFY26 current account to surplus of $174 million against 8MFY26 deficit of $896 million.

The central bank revised the current account data for February to a surplus of $231 million from previously reported $427 million.

“The current account surplus on MoM basis increased due to lower goods and services deficit and higher remittances,” Topline Research said.

Pakistan’s Real Effective Exchange Rate (REER), a measure of the value of a currency against a weighted average of several foreign currencies, clocked in at 105.17 in March 2026, up from 103.11 in February 2026.

This takes the REER index to a 7.5-year high.

The REER last crossed the 105 mark in September 2018, when it stood at 106.63.

The central bank received funds of $2 billion from the Ministry of Finance, Kingdom of Saudi Arabia on Thursday.

On Wednesday, Finance Minister Muhammad Aurangzeb informed that Saudi Arabia had committed $3 billion in additional deposits, with disbursement expected soon.

He further stated that the existing $5 billion Saudi deposit would no longer remain subject to the earlier annual rollover arrangement and would instead be extended for three years.