Pakistan posts $427m current account surplus in February, highest since March 2025

Pakistan recorded a current account surplus of $427 million in February 2026, the highest monthly surplus since March 2025, according to data released by the State Bank of Pakistan (SBP) on Monday.

The February figure also marks the second consecutive monthly surplus after the country posted a revised surplus of $68 million in January 2026, reflecting an improvement in the external account on a month on month basis.

However, the cumulative position for the ongoing fiscal year remains negative. During the July to February period of FY2026, Pakistan recorded a current account deficit of $700 million, compared with a surplus of $479 million during the same period of the previous fiscal year.

Adviser to the finance minister Khurram Schehzad said the February surplus was the largest monthly surplus recorded so far in 2026.

In a post on X, he noted that the $427 million surplus was the highest since March 2025, when Pakistan posted a surplus of $1.28 billion.

Schehzad said the back to back surpluses reflected improving conditions in Pakistan’s external sector, supported by strong remittance inflows, higher value added exports and disciplined import growth.

He added that the trend was helping strengthen macroeconomic stability while easing pressure on external financing requirements.

The adviser said that although challenges persist due to the regional conflict, Pakistan’s stabilised external account and adequate buffers represented an important step toward sustainable economic recovery and improved investor confidence.