Current Account Deficit Worsens in 3 Months

Pakistan's current account deficit worsened by 26 percent year-on-year (YoY) to $874 million after the first three months of FY2026-27 from a deficit of $755 million in the same period last year.

Key points

• Exports were up by 8 percent during the three months, settling at $8.4 billion compared to $7.8 billion in 1QFY26.
• While exports were recorded at around $3 billion, during the month, imports stood at approximately $6.2 billion.
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For context, the latest data from the State Bank of Pakistan (SBP) indicated that the deficit stood at $356 million in September 2026 compared a surplus of $133 Million in September 2025.

As imports rose 13 percent MoM to US$ 6.2 billion, outpacing a 23 percent MoM growth in exports to US$ 3.0 billion, according to Topline Securities, the wider deficit was mainly driven by a US$ 148 million MoM widening in the goods trade deficit to US$ 3.2 billion.

While exports were recorded at around $3 billion, during the month, imports stood at approximately $6.2 billion. For Q1 FY27, imports clocked in at $17.8 billion, up by 14 percent from $15.5 billion in 1QFY26.

Exports were up by 8 percent during the three months, settling at $8.4 billion compared to $7.8 billion in 1QFY26. Stay Connected with ProPakistani.

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Taken together, the developments around current Account Deficit Worsens in 3 Months point to a situation that is still moving, and the coming days should bring more clarity.