Current account posts surplus of $479m in Feb

KARACHI: The country’s current account has recorded a surplus of $479 million in February, leading to a substantial decrease in the current account deficit for the ongoing fiscal year.

According to details shared by the State Bank of Pakistan (SBP) on Monday, the country’s current account has posted a surplus in the first two months of the calendar year 2026, after recording a deficit of $244m in December 2025.

In the first two quarters of FY26, the current account was in deficit against a $1.9 billion surplus recorded in FY25.

The current account deficit — which has been a long-standing issue facing Pakistan’s economy — has been addressed by a significant reduction in imports, which has resulted in a surplus.

But, low imports have affected the gross domestic product (GDP) growth as it hardly reached 3 per cent in FY25.

In the first quarter of FY26, from July to Sept 2025, the current account deficit was $737m, while in the second........

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