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Pakistan Posts January Current-Account Surplus on Export Rebound and Strong Remittances

Foreign exchange reserves reached $17.44 billion as official loans offset weak private inflows.

Overview

  • Pakistan recorded a $121 million current-account surplus in January 2026, reversing December’s $265 million deficit as exports rose to $3.061 billion and remittances hit $3.5 billion.
  • The July–January FY26 current account showed a $1.07 billion deficit, a turnaround from a $564 million surplus in the same period last year.
  • The merchandise trade gap widened to $18.4 billion in the first seven months, with imports at $36.66 billion and goods exports at $18.26 billion.
  • Services exports improved to $5.66 billion in July–January, including $2.61 billion from telecommunications, computer and information services.
  • The financial account posted a $1.35 billion net outflow and FDI fell to $982 million, yet reserves rose to $17.44 billion on multilateral and bilateral disbursements.