Highest in a year: CA posts USD1.076bn surplus in March

KARACHI: Pakistan’s current account posted a surplus of over USD one billion in March 2026, the highest in a year, supported by healthy home remittance inflows. Analysts said the month-on-month increase in the current account surplus was driven by a narrower goods and services deficit, alongside higher remittance inflows. The State Bank of Pakistan (SBP) on Thursday reported that current account balance posted a surplus of USD 1.076 billion in March 2026 compared to a surplus of USD 231 million in February 2026. However, the surplus in March 2026 is lower than surplus in March 2025, in which the current account posted USD 1.276 billion surplus. READ MORE: Pakistan posts $427mn current account surplus in February 2026 The country’s current account has shown a steady improvement during FY26, largely supported by robust home remittance inflows. Over the first nine months of the fiscal year, the current account recorded a deficit in four months, while posting a surplus in five months. After hefty surplus reported in Mar 2026, commutative current account of nine months (July-March) of FY26 turned into surplus. This bring current account to a surplus of USD 8 million during first nine months (July-Mach) of this fiscal year as against deficit of USD 700 million in first eight months (July-Feb) of this fiscal year. Pakistan has received home remittances inflows amounted to USD 3.83 billion in March 2026, compared to USD 3.28 billion in February 2026, reflecting an increase of USD 550 million. Khurram Schehzad advisor to Finance Minister in a post on X revealed that Pakistan’s Tech export momentum is undeniable as March 2026 has officially recorded the 2nd highest monthly IT exports in Pakistan’s history with USD 413 million, signaling a massive surge in global demand for Pakistan’s tech talent. With USD 3.4 Billion already clocked in for the first 9 months (9MFY26), Pakistan is on a high-speed trajectory to hit USD 4.5 billion by the end of the fiscal year FY26, he mentioned. He said Pakistan is no longer just participating in the global tech economy; it is competing at the highest level. This USD 4.5 billion potential milestone is a testament to Pakistan’s innovators, developers, and entrepreneurs. Analysts said that over one billion surplus will also help to reduce the pressure on external account as Pakistan has to pay massive external debt payments during this month. Copyright Business Recorder, 2026

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