Pakistan recorded a current account surplus of $427 million in February 2026, according to data released by the State Bank of Pakistan (SBP) on Monday. However, on a cumulative basis, the country posted a current account deficit of $700 million during Jul-Feb FY26, compared to a surplus of $479 million in the same period last fiscal year. On a month-on-month basis, the current account improved from a $68 million (revised) surplus in January 2026 to a $427 million surplus in February 2026. During the first eight months of FY26, the current account position has remained under pressure amid higher import payments. Imports continued to reflect recovering domestic demand and easing supply constraints, while export growth remained subdued.