Pakistan’s current account posted a deficit of $244 million in December 2025, according to data released by the State Bank of Pakistan (SBP).
This marked a sharp reversal from the previous month, when the current account recorded a surplus of $100 million in November 2025. The December outcome shows a return to deficit after a brief period of monthly improvement.
On a year-on-year basis, the current account position also weakened. In December 2024, Pakistan had posted a surplus of $454 million, compared to the deficit recorded in December 2025.
For the 1HFY26, the country posted a current account deficit of $1,174 million, compared to the surplus of $957 million during the same period last year.
The current account turned red on a month-on-month basis primarily due to a widening trade deficit. The deficit in trade in goods and services stood at $3.36 billion in December 2025, compared with $2.61 billion in November 2025, reflecting higher imports and weaker export momentum during the month.
Despite the monthly setback, the cumulative current account balance remained in surplus during the first half of FY26. Pakistan posted a current account surplus of $98 million during July–December FY26, compared with a deficit of $737 million in the same period of FY25, supported mainly by strong workers’ remittances and secondary income inflows.
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