Pakistan Posts $459 Million Current Account Surplus in May 2026, Helped by Record Remittances
KARACHI:Pakistan recorded a current account surplus of $459 million in May 2026, according to the latest figures released by the State Bank of Pakistan.
The central bank reported that the country’s current account remained in surplus by $2.55 billion during the first eleven months of the current fiscal year, reflecting improved external sector performance.
According to the data, Pakistan imported goods worth $5.6 billion in May, while exports for the month stood at $2.3 billion.
As a result, the country posted a trade deficit of $3.3 billion during May. The cumulative trade deficit for the first eleven months of the fiscal year reached $24.3 billion.
The report further stated that Pakistan imported goods worth $54 billion during the eleven-month period, while total exports amounted to $29.75 billion.
A key factor behind the improvement in the current account balance was a record inflow of workers’ remittances. The State Bank noted that overseas Pakistanis sent home $4.2 billion in remittances during May alone, the highest monthly figure on record.
Total workers’ remittances for the first eleven months of the fiscal year reached $38 billion, providing substantial support to the country’s foreign exchange reserves and helping offset the impact of the trade deficit.
Economists view the continued strength of remittance inflows as a major contributor to Pakistan’s improved external account position despite persistent import pressures and a sizeable trade gap.
