Pakistan recorded a current account deficit (CAD) of $245 million in August 2025, wider than the $82 million gap in August 2024 but narrower than July’s $379 million deficit, SBP data show.
Cumulatively, the deficit for the first two months of FY26 rose to $624 million, compared to $430 million in the same period last year.
The August reading shows the challenge of sustaining the external improvement seen in FY25, when Pakistan posted a $2.1 billion current account surplus, its first in 14 years, aided by a 27% jump in workers’ remittances to $38.3 billion.
Trade dynamics weighed on the August balance. Goods exports (FOB) were $2.51 billion against imports of $4.98 billion, yielding a merchandise trade deficit of $2.48 billion.
In services, exports totaled $671 million versus imports of $1.11 billion, resulting in a $437 million deficit.
Remittances remained the key offset, clocking in at $3.14 billion in August, down from July’s $3.21 billion but still the backbone of the external account.
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