Karachi: Pakistan’s current account posted a surplus of USD 110 million in September, marking a sharp turnaround from a USD 52 million deficit recorded in the same month last fiscal year, according to data released by the State Bank of Pakistan (SBP) on Monday.
The surplus was largely driven by a significant rise in workers’ remittances, which amounted to USD 3.18 billion during the month — an increase of 11% year-on-year.
Exports of goods and services in September 2025 stood at USD 3.43 billion, reflecting a 5% annual increase compared to USD 3.28 billion in September 2024. Imports, however, rose by 6% to USD 6.02 billion from USD 5.68 billion in the same period last year, the SBP data showed.
For the first quarter of FY26, the current account recorded a cumulative deficit of USD 594 million, up 18% from the USD 502 million deficit in the same period of the previous fiscal year.
Economists attribute the September surplus to higher remittance inflows and improved export performance, although the overall quarterly data indicate persistent external sector pressures due to strong import demand.
Low economic growth, high inflation, and import restrictions have contributed to containing the current account deficit in recent months. The high policy rate, which has been gradually reduced, also helped moderate external imbalances.
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