Current account posts $427m surplus in Feb

March 16, 2026 (MLN): Pakistan recorded a current account surplus of $427 million in February, according to the latest data released by the State Bank of Pakistan (SBP).

In the previous month, the country posted a surplus of $68 million, while in February 2025 the current account had recorded a deficit of $85 million.

On a cumulative basis, the current account deficit during 8MFY26 stood at $700 million, compared with a surplus of $479 million in 8MFY25, reflecting a deterioration of 246.1% year-on-year.

During February, total exports declined 0.3% to $3.29 billion, compared with $3.30 billion in the same month last year. On a monthly basis, exports fell 9.1% from $3.62 billion recorded in the previous month.

Meanwhile, total imports increased 1.0% year-on-year to $6.06 billion, compared with $6.00 billion in February last year. However, on a monthly basis, imports declined 6.7%.

As a result, the trade deficit in goods and services widened 2.6% year-on-year to $2.77 billion, while it narrowed 3.5% on a monthly basis.

Cumulatively, the trade deficit during 8MFY26 reached $23.22 billion, marking an increase of 25.0% compared with a deficit of $18.58 billion recorded in 8MFY25.

During the first eight months of the current fiscal year, exports slipped 0.7% to $27.21 billion, compared with $27.40 billion in the same period last year.

Meanwhile, imports rose 9.7% to $50.43 billion in 8MFY26, compared with $45.97 billion in the corresponding period last year.

The data further showed that workers’ remittances increased 5.1% year-on-year to $3.29 billion in February, compared with $3.13 billion in February 2025. However, on a monthly basis, remittances declined 5.1% from $3.46 billion recorded in the previous month.

Cumulatively, workers’ remittances during 8MFY26 reached $26.49 billion, up 10.5% compared with $23.98 billion in 8MFY25.

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