Islamabad: (RightNow) During the fiscal year 2026, Pakistan’s current account slipped into deficit despite record remittances. According to the State Bank, an increase in imports and slight improvement in exports resulted in a deficit of $139 million.

The State Bank’s report states that Pakistan’s current account deficit for fiscal year 2026 was $139 million, compared to a surplus of $1.84 billion last year. The rise in imports expanded the trade deficit, while exports showed no significant improvement.

In fiscal year 2026, exports stood at $40.88 billion, a 0.2% increase from the previous year. Imports reached $76.39 billion, marking an 8.5% rise from last year.

It is important to note that overseas Pakistanis sent $41.59 billion home, an 8.6% increase from last year. However, this increase was insufficient to counter the growing trade deficit.

It should be remembered that by the end of fiscal year 2026, Pakistan’s foreign exchange reserves reached $18.5 billion, providing support to the country’s external financial position.