C/A posts USD100m surplus in November

Pakistan’s current account posted a surplus in November 2025, reversing the deficit recorded a month earlier, largely on the back of a sharp reduction in trade and services deficits. The State Bank of Pakistan (SBP) on Wednesday reported a current account surplus of USD 100 million in November, compared with a deficit of USD 291 million in October. The improvement was driven by a significant narrowing of the monthly trade and services gaps. The trade deficit, in November 2025, fell 11 percent to USD 2.454 billion, while the services deficit dropped sharply by 41 percent to USD 140 million. The surplus in November 2025, however in lower than surplus recorded in November 2024, in which the current account recorded a surplus of USD 709 million. Overall, Pakistan’s current account showed marked volatility in the first five months of this fiscal year (FY26), alternating between deficits and surpluses. The account recorded a deficit of USD 254 million in July 2025, which widened to USD 325 million in August, before swinging to a surplus of USD 100 million in September.