Overview
- State Bank data show a $244 million current account deficit in December 2025 after a $98 million surplus in November.
- Goods imports rose to $5.74 billion versus $2.75 billion in goods exports, while a services shortfall of about $370 million deepened the gap.
- Cumulative July–December FY26 recorded a $1.174 billion deficit, reversing a $957 million surplus in the same period last year.
- The financing account saw a $596 million net outflow in December as FDI posted a $135 million net outflow, which analysts linked to Telenor’s divestment to PTCL; net FDI in 1HFY26 fell 43% year over year to $808 million with inflows concentrated in China, Hong Kong and the UAE.
- Workers’ remittances reached $3.59 billion in December, SBP-reported foreign exchange reserves rose to $16.19 billion, the REER eased to 103.73 and the rupee hovered near 279.92 per US dollar.