Pakistan’s current account recorded a deficit of $0.25 billion after the first 10 months of FY2025–26, according to data released by the State Bank of Pakistan (SBP). This marks a sharp reversal from a $1.66 billion surplus in the same period last fiscal year (10MFY25) and a $72 million surplus in 9MFY26.

In April 2026, the account turned negative again with a $324 million deficit, compared to a $1.13 billion surplus in March 2026.

On a year-on-year basis, the April deficit reflects a steep deterioration of around 2,600%, against a $12 million deficit recorded in April 2025.

The monthly shift from a strong March surplus to an April deficit highlights renewed pressure on the external account. Analysts at Topline Securities attributed the change to higher import payments and a decline in remittance inflows.

Despite earlier improvements during the fiscal year, the latest figures suggest renewed strain on Pakistan’s external sector balance.