Pakistan’s external financing position weakened in December 2025 due to a rise in imports and persistent income outflows that pushed the current account back into deficit.
According to data provided by the State Bank of Pakistan (SBP), Pakistan recorded a current account deficit of $244 million in December, compared with a $98m surplus in November of the same year.
As a result, the cumulative current account position for July to December FY26 rose to a deficit of $1,174m compared to a surplus of $957m during the same time last year.
The monthly decline was driven primarily by changes in trade. Imports of goods rose to $5.74bn in December, while exports stood at $2.75bn.
Trade in services also remained negative. Services exports for the month were $936m while imports were $1.31bn, adding $370m to the deficit.
