Pakistan Records $245 Million Current Account Deficit in August 2025

Pakistan’s current account slipped into a deficit of $245 million in August 2025, according to data released by the State Bank of Pakistan (SBP) on Thursday.

The shortfall follows a revised deficit of $379 million in July 2025 and is significantly higher than the $82 million deficit recorded in August 2024.

During the first two months of FY26, the cumulative deficit widened to $624 million, compared to $430 million in the same period last year.

Notably, Pakistan had closed FY25 with a $2.1 billion surplus—its first in 14 years—largely supported by a 27% increase in workers’ remittances, which rose to $38.3 billion.

In August 2025, Pakistan’s exports of goods (FOB) reached $2.51 billion, while imports were reported at $4.98 billion, leaving a trade deficit of $2.48 billion. In services, exports stood at $671 million, against imports of $1.1 billion, resulting in a $437 million deficit.

Workers’ remittances remained the key support, amounting to $3.14 billion in August—slightly lower than July’s $3.21 billion but still the mainstay of Pakistan’s external account.

Economists cautioned that the August figures underline the difficulty of maintaining last year’s positive momentum, stressing that sustainable stability will rely on strong remittance flows, consistent export performance, and prudent import management.