State Bank of Pakistan figures show that the country experienced a 16 percent year-on-year expansion in its current account deficit, reaching $874 million during the opening quarter of fiscal year 2026-27, up from $755 million recorded in the corresponding timeframe of the previous year.
For September 2026 alone, the deficit hit $356 million, shifting from a current account surplus of $133 million during September 2025.
Topline Securities reported that the September increase stemmed primarily from a $148 million month-on-month jump in the goods trade deficit, pushing that figure to $3.2 billion due to import growth outpacing exports.
Monthly figures showed a 13 percent increase in imports to $6.2 billion, while exports went up by 23 percent to reach $3 billion.
Total imports for the first quarter of FY2026-27 climbed 14 percent to $17.8 billion, compared to $15.5 billion during the same timeframe last year.
Meanwhile, quarterly exports grew by 8 percent to touch $8.4 billion, rising from $7.8 billion twelve months prior.
The wider deficit resulted directly from imports expanding at a faster pace than exports.
