Overview
- February’s current account showed a $427 million surplus, the highest since March 2025 and a second consecutive monthly gain after January.
- The July–February FY2026 balance stands at a $700 million deficit, reversing a $479 million surplus in the same period a year earlier.
- The goods trade deficit widened to $2.67 billion in February, with the cumulative goods gap reaching about $21.08 billion as exports fell and imports rose.
- Workers’ remittances totaled roughly $26.49 billion in the first eight months, services imports eased, and the primary income deficit amounted to about $5.65 billion.
- SBP gross foreign exchange reserves rose to around $17.61 billion by February, and officials and analysts warn that outcomes now depend on remittance flows, import costs, and regional stability as the central bank targets about $18 billion by June 2026.