Pakistan recorded a current account surplus of $459 million in May 2026, recovering from a deficit of $276 million in April, according to data released by the State Bank of Pakistan (SBP).
The latest reading takes the cumulative current account balance during the first 11 months of fiscal year 2025-26 to a surplus of $255 million, compared with a deficit of $1.62 billion recorded during the same period last year.
The improvement in May was largely driven by record workers’ remittances and lower imports on a month on month basis. Workers’ remittances rose to $4.25 billion during the month, up 20 percent from April and 15 percent higher than May 2025.
Exports of goods declined to $2.37 billion in May from $2.62 billion in April, while imports eased to $5.69 billion from $5.99 billion. The trade deficit in goods narrowed slightly to $3.32 billion during the month.
According to Topline Securities, stronger remittance inflows and moderation in imports helped offset pressures from trade and primary income balances, allowing the external account to return to surplus territory.
Pakistan had posted a current account surplus of $1.13 billion in March before slipping into a deficit in April, making May’s rebound a positive signal for the country’s external sector outlook.
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