Pakistan’s current account registered a surplus of $100 million in November 2025, according to data released by the State Bank of Pakistan. The improvement follows a revised deficit of $291 million in October 2025 and contrasts with a larger surplus of $684 million recorded in November last year. The turnaround was largely driven by a sharp reduction in the country’s import bill, reflecting easing global commodity prices and tighter domestic demand.
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During the month, Pakistan’s total exports of goods and services declined to $3.09 billion, falling by more than 10 percent compared to October. Imports, however, dropped by nearly 12 percent to $5.68 billion, significantly narrowing the trade gap. Analysts noted that this compression in imports played a decisive role in pushing the current account into surplus despite softer export performance.
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Workers’ remittances remained a key source of support, totaling $3.19 billion in November, only slightly lower than the previous month. Market analysts highlighted that resilient inflows from overseas Pakistanis helped offset weaker exports and primary income outflows. For the first five months of FY26, however, the current account still shows a cumulative deficit of $812 million, compared to a surplus last year.
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Pakistan’s foreign exchange reserves rose to $14.68 billion, up 21 percent year on year, signaling improved external buffers even as structural pressures on the current account persist.
