According to the State Bank of Pakistan, the current account posted a surplus of $121 million in January 2026, compared with a deficit of $265 million in December 2025. In January 2025, the balance had recorded a deficit of $393 million.

Analysts attributed the improvement mainly to rising remittance inflows, which helped offset import pressures and stabilize external accounts.

During the first seven months of the current fiscal year, the current account recorded a cumulative deficit of $1.07 billion. This compares with a surplus of $564 million in the same period last year.

SBP Governor Jameel Ahmad said the current account deficit is expected to remain between zero and one per cent of GDP in the ongoing fiscal year.

Textile exports hit 45-month high

Meanwhile, Pakistan’s textile exports reached a 45-month high in January 2026, according to a research report. Exports rose three per cent year-on-year to $1.74 billion during the month.

In the first seven months of the fiscal year, textile exports increased 1.3 per cent.

Major export categories included knitwear, bedwear, garments, and other value-added products.

From July 2025 to January 2026, knitwear exports stood at $3.10 billion, reflecting steady demand in international markets.