Pakistan records current account deficit of $328mn in July 2026
- C/A deficit narrows from $814mn in June 2026 and $529mn in July 2025
Pakistan's current account deficit significantly narrowed in July 2026 to $328 million, driven by a substantial increase in goods exports, marking a 19-month high.
- Pakistan's current account deficit in July 2026.
- Reasons for the narrowed current account deficit.
- Record monthly goods export levels.
Pakistan recorded a current account deficit of $328 million in July 2026, narrowing from $814 million in June 2026 and $529 million in July 2025, according to State Bank of Pakistan (SBP) data released on Tuesday.
The June deficit was also revised upward from $649 million to $814 million.
The narrower deficit was supported by a 17% month-on-month (MoM) and 9% year-on-year (YoY) increase in goods exports to $3 billion, marking the highest monthly export level in 19 months. Meanwhile, imports remained broadly stable MoM at $6.2 billion.
“Overall, the current account remained in deficit, but the shortfall narrowed significantly on a monthly and yearly basis,” Topline Research said in a statement.
In the financial year FY26, Pakistan’s current account recorded a marginal deficit of $139 million, reversing a surplus of $1.84 billion in the previous fiscal year.
Despite record workers’ remittances, Pakistan’s external account was pushed into negative due to high imports, while exports remained largely stagnant during the outgoing fiscal year.