Pakistan’s current account deficit worsened by 16 percent year-on-year (YoY) to $874 million after the first three months of FY2026-27 from a deficit of $755 million in the same period last year.

The latest data from the State Bank of Pakistan (SBP) showed that the deficit stood at $356 million in September 2026 compared a surplus of $133 Million in September 2025.

According to Topline Securities, the wider deficit was mainly driven by a US$ 148 million MoM widening in the goods trade deficit to US$ 3.2 billion, as imports rose 13 percent MoM to US$ 6.2 billion, outpacing a 23 percent MoM increase in exports to US$ 3.0 billion.

During the month, imports stood at approximately $6.2 billion, while exports were recorded at around $3 billion. For Q1 FY27, imports clocked in at $17.8 billion, up by 14 percent from $15.5 billion in 1QFY26.

Exports were up by 8 percent during the three months, settling at $8.4 billion compared to $7.8 billion in 1QFY26.