Current account posts $121m surplus in Jan

February 17, 2026 (MLN): Pakistan has recorded a current account surplus of $121 million, the latest data issued by the State Bank of Pakistan (SBP) revealed today.

Last month, the country recorded a current account deficit of $265m, while in January 2025, the current account deficit stood at $393m.

On a cumulative basis, the current account deficit in 7MFY26 was recorded at $1.07bn, compared to the surplus of $564m in 7MFY25.

During January, total exports fell by 1.3% to $3.63bn compared to $3.68bn in the same month of last year. While it fell 1.9% as against the exports of $3.7bn in the previous month.

Total imports rose 1.2% to $6.53bn as compared to the imports worth $6.45bn recorded in January of last year. Compared to the previous month, imports fell 7.9%.

Accordingly, the trade deficit in goods and services rose 4.7% from a year ago to $2.89bn. On a monthly basis, it narrowed 14.4%.

Cumulatively, the trade deficit in 7MFY26 was recorded at $20.47bn, a rise of 28.9% when compared to the deficit of $15.88bn in 7MFY25.

During the first 7 months of the current fiscal year, exports fell 0.7% to $23.92bn compared to $24.09bn in the same period last year.

Imports rose 11.1% to $44.4bn in 7MFY26 compared to $39.97bn in the same period last year.

The data further details that the workers' remittances in January increased by 15.4% to $3.47bn as against $3bn in January 2025; while on a monthly basis, the remittances went down by 3.5% as compared to $3.59bn in the previous month.

Cumulatively in 7MFY26, workers' remittances were recorded at $23.2bn as compared to $20.85bn in 7MFY25, depicting a rise of 11.3%.

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