Current account posts $459m surplus in May 2026

June 17, 2026 (MLN): Pakistan has recorded a current account surplus of $459 million, the latest data issued by the State Bank of Pakistan (SBP) revealed today.

Last month, the country recorded a current account deficit of $276m, while in May, 2025 the current account deficit stood at $44m.

On a cumulative basis, the current account surplus in 11MFY26 was recorded at $255m,  when compared to the surplus of $1.62bn in 11MFY25. 

During May, total exports rose by 1.2% to $3.21bn compared to $3.17bn in the same month of last year. While it fell 9.0% as against the exports of $3.52bn in the previous month.

Total imports rose 1.6% to $6.5bn as compared to the imports worth $6.39bn recorded in May of last year. Compared to the previous month, imports fell 5.3%.

Accordingly, the trade deficit in goods and services rose 2.1% from a year ago to $3.29bn. On a monthly basis, it narrowed 1.4%.

Cumulatively, the trade deficit in 11MFY26 was recorded at $32.21bn,  when compared to the deficit of $27.01bn in 11MFY25.

During the first 11 months of current fiscal year, exports fell 0.4% to $37.35bn compared to $37.5bn in the same period last year.

Imports rose 7.8% to $69.56bn in 11MFY26 compared to $64.51bn in the same period last year.

The data further details that the workers' remittances in May increased by 15.3% to $4.25bn as against $3.69bn in May 2025; while on a monthly basis, the remittances went up by 20.1% as compared to $3.54bn in the previous month.

Cumulatively in 11MFY26, workers' remittances were recorded at $38.11bn as compared to $34.89bn in 11MFY25, depicting a rise of 9.2%.

"Four surpluses in five months! A stronger external account is the foundation of sustainable high economic growth," Khurram Schehzad noted on X.

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