Pakistan’s current account recorded a surplus, supported by a decline in imports and a rise in remittances from workers abroad.
According to data from the State Bank of Pakistan (the central bank), the current account surplus reached 459 million U.S. dollars in May, after recording a deficit of 276 million dollars in April.
The report noted that the country’s current account had posted a surplus for three consecutive months prior to April, while the total surplus during the first eleven months of the current year stood at 255 million dollars. Economists attribute this surplus to lower imports and increasing remittances.
On the trade front, Pakistan imported goods worth 5.6 billion dollars from around the world in May, against exports of 2.3 billion dollars. According to the central bank’s report, the value of exports over eleven months reached 29.75 billion dollars, with this improvement owed to remittances from overseas workers, which amounted to 4.2 billion dollars in May, bringing their total over the eleven months to 38 billion dollars.
It is worth noting that Pakistanis residing abroad sent record remittances of 4.3 billion dollars in May 2026, the largest amount received in a single month to date. The central bank reported that May’s remittances marked a record increase of 20.2% on a monthly basis and 15.4% on an annual basis.
As for the total volume of remittances during the first eleven months of the current fiscal year, a notable increase of 9.2% was recorded, with total remittances in this period reaching 38.1 billion dollars, compared to 34.9 billion dollars in the same period of the previous fiscal year.
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