Pakistan recorded a current account surplus of $1.07 billion in March 2026, according to data compiled by Arif Habib Limited based on figures from the State Bank of Pakistan.
This is lower than the $1.27 billion surplus in March 2025 but much higher than the $231 million recorded in February 2026.
Exports of goods stood at $2.53 billion in March, showing an 8% decline compared to last year, but a slight 2% increase from February.
Imports were recorded at $4.90 billion, down 1% year-on-year and 5% lower month-on-month. As a result, the goods trade deficit narrowed to $2.38 billion.
In the services sector, exports increased to $903 million, rising 16% year-on-year. Imports remained stable at $926 million, reducing the services trade deficit to $23 million. Overall, the total trade deficit stood at $2.40 billion in March.
Workers’ remittances played a key role, reaching $3.83 billion. While this was 6% lower than last year, it showed a strong 17% increase compared to February. The secondary income balance also remained strong at $4.08 billion.
However, for the first nine months of FY2026, the current account showed only a small surplus of $8 million, much lower than $1.67 billion last year. The overall trade deficit widened to $25.67 billion due to higher imports.
Analysts say that despite a strong March performance, Pakistan still faces pressure from rising imports. Growth in remittances and services exports has helped balance the situation, but challenges remain.