Pakistan’s Current Account Surplus Reached $121 Million in 2026: SBP Confirmed

The current account surplus of Pakistan is currently standing at $121 million in January 2026 as compared to the previous month of December which was recorded as $265 million as per the State Bank of Pakistan records. An increase in remittances and exports added to the monthly increase, but the July-January FY26 deficit is over one billion dollars as imports increase.

The State Bank of Pakistan (SBP) announced late in the night that the current account surplus of Pakistan was recorded at $121 million in January 2026. This is a drastic improvement on the losses in the form of a $265 million deficit in December 2025. Experts explain the monthly increase by greater remittances and exports.

In January 2026 the current account went to surplus after being at a loss. The positive balance was motivated by increasing income flows, such as remittances, and expenditures that were controlled. The external account improved evidently on a month-on-month basis.

In contrast, the year-on-year comparison reveals a decline. January 2025 posted a deficit of $393 million, making the current surplus a notable shift but part of broader yearly pressures from rising imports.

During the first seven months of FY26 (July-January), the current account deficit exceeded $1 billion (specifically $1.07 billion in most reports). This contrasts with a surplus of $560 million (or $564 million) in the same period of the previous fiscal year.

The State Bank of Pakistan released the data unexpectedly after hours, highlighting ongoing external sector dynamics. Remittances and exports provided the key lift for January’s positive figure, while imports continue to challenge the yearly position.

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