Pakistan posts $139m current account deficit in FY26

Pakistan's current account slipped into a deficit of $139 million in the fiscal year ended June 30, reversing a surplus of $1.838 billion in the prior year, data from the State Bank of Pakistan showed Friday.

The June deficit alone stood at $649 million, compared with a surplus of $500 million in May.

Remittances rose to $41.585 billion in FY26 from $38.3 billion a year earlier, an increase of about $3.3 billion. That helped offset a widening trade deficit, which hit $35.5 billion as imports climbed to $76.4 billion. Goods exports fell to $30.843 billion from $32.434 billion, while services exports rose to $10.034 billion from $8.45 billion. Net exports of goods and services edged up by just $84 million to $40.877 billion.

Escalating tensions in the Middle East could add further pressure on the account, the central bank noted.