Karachi: Pakistan's current account swung back into a surplus for the first 11 months of the fiscal year 2026, totaling $255 million, largely attributed to a surge in remittances during May. However, the broader trade gap widened by 24% year-over-year to $30.2 billion, driven by an 8% rise in imports and a 5% decline in exports, indicating continued structural weaknesses in the nation's external position.

According to JS Global, the country's overall balance of payments (BoP) for May 2026 closed with a modest surplus of $169 million, a recovery from the $551 million deficit recorded in April. The BoP position is said to remain stable in the short term, bolstered by financing inflows, although it is largely reliant on borrowings rather than non-debt inflows.

Pakistan's external account continues to show resilience, aided by a stable national currency, ongoing support from the International Monetary Fund, and manageable external financing obligations in the near term.