Pakistan posted a current account surplus of $459 million in May 2026, rebounding from a deficit of $276 million in April, according to data released by the State Bank of Pakistan.

The latest figure brings the cumulative current account balance in the first 11 months of fiscal year 2025-26 to a surplus of $255 million, compared with a deficit of $1.62 billion in the same period last year.

The improvement in May was driven mainly by record workers’ remittances and a decline in imports on a month-on-month basis.

Workers’ remittances rose to $4.25 billion during the month, marking an increase of 20 per cent from April and 15pc from May 2025.

Exports of goods fell to $2.37 billion in May from $2.62 billion in April, while imports declined to $5.69 billion from $5.99 billion. As a result, the goods trade deficit narrowed slightly to $3.32 billion during the month.

Analysts said stronger remittance inflows and moderation in imports helped offset pressure from trade and primary income balances, allowing the external account to return to surplus.

Pakistan had recorded a current account surplus of $1.13 billion in March before slipping back into deficit in April. The return to surplus in May is being seen as a positive development for the country’s external sector outlook.