The first two months of FY26 saw a $624 million deficit in the current account.

In August 2025, Pakistan’s external current account balance showed a deficit of US$245 million, and in the first two months of fiscal year 2025–2026, the current account deficit was $624 million.

According to the State Bank of Pakistan’s report released on Thursday, “the Current Account recorded a deficit of US$624 million during Jul-Aug FY26 compared to a deficit of US$430 million in Jul-Aug FY25.” The current account for the month of August 2025 also recorded a deficit of $245 million, compared to a deficit of $379 million in July 2025 and $82 million in August 2024.

According to the central bank’s provisional estimates, the cumulative balance in trade of goods during July-August 2025-26 showed a deficit of $5,113 million, compared to a deficit of $4,760 million during the same period in FY24-25.

According to the data, the balance on trade in goods in August 2025 was $2,476 million, whereas the deficit in July 2025 and August 2024 was $2,637 million and $2,272 million, respectively.

The first two months of FY26 saw a $708 million deficit in the balance on trade of services, compared to a $607 million deficit in July-August FY25. The data also shows that the August 2025 deficit in services trade was $437 million, compared to a $271 million deficit in July 2025 and a $358 million deficit in August 2024.

Compared to the deficit of $5,364 million in the first two months of the previous fiscal year, the total trade deficit in goods and services was $5,821 million from July to August of FY26. In contrast to the $2,908 million deficit in July 2025 and the $2,630 million deficit in August 2024, the total deficit in trade of goods and services for the month of August this year was $2,913 million.

According to SBP data, the Balance on Primary Income saw a deficit of $1,491 million in July-August FY2025-26, compared to a deficit of $1,364 million in the same months of the previous fiscal year.

Compared to the $5,937 million inflows during the same period in FY25, the inflow of workers’ remittances from overseas during the first two months of FY26 was $6,352 million. According to SBP data, the Balance on Secondary Income for July–August of FY26 showed a surplus of $6,688 million, compared to $6,298 million in the first two months of the previous fiscal year.