Pakistan’s current account recorded a surplus of $100 million in November 2025, according to the State Bank of Pakistan (SBP). The surplus follows a $291 million deficit in October 2025 and compares to a $684 million surplus in November 2024. Analysts said lower imports and steady remittances were key drivers.
Total exports of goods and services in November fell to $3.09 billion, down over 10% from $3.44 billion in October. Meanwhile, imports declined nearly 12% to $5.68 billion from $6.43 billion the previous month. The drop in imports was largely attributed to lower global commodity prices.
Read more: Current account posts $112 million deficit in Oct
Workers’ remittance inflows totaled $3.19 billion in November, down 7% from October’s $3.42 billion. Experts said these inflows, combined with reduced imports, offset weaker exports and helped push the current account into surplus.
The goods trade deficit narrowed to $2.45 billion, while the services deficit stood at about $140 million. Secondary income inflows of around $3.43 billion further supported the surplus, balancing primary income outflows.
Read more: Pakistan’s current account posts $110 million surplus in Sept 2025
During the first five months of FY26, the current account posted a cumulative deficit of $812 million, compared to a $503 million surplus in the same period last year. Pakistan’s foreign exchange reserves (excluding CRR/SCRR) rose to $14.68 billion, up 21% year-on-year, signaling stronger external buffers.