Rising global oil prices push April C/A into deficit

Pakistan’s current account swung back into deficit in April as a sharp rise in imports, driven largely by higher global oil prices, outweighed earlier gains. The State Bank of Pakistan (SBP) reported on Monday that the current account posted a deficit of USD324 million in April 2026, compared with a surplus of USD1.134 billion in March 2026, which was the highest in a year. Current account posted deficit in April after two consecutive surpluses in March and February 2026. Over the first 10 months of this fiscal year (FY26), the current account recorded a deficit in five months, while posting a surplus in five months.